Wow, Taylor written down from $1.8B to only $500M.
Hermosa was S32's Great White Hope for growth, now it's a middling asset. Still good but not great.
By rough back of envelope calculations this writes off about 10% of S32's value. Goldman only visited the site in June and upgraded its value to US$1.85B or A$0.58 per share, losing potentially 70% of that today would mean 40c off the share price.
Will be interesting to see the market reaction.
Wow, Taylor written down from $1.8B to only $500M.Hermosa was...
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Last
$2.91 |
Change
-0.050(1.69%) |
Mkt cap ! $13.18B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.97 | $2.89 | $61.84M | 21.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57447 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 22358 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |