This is an interesting development today for INR.
They have sold half their project, so they now maintain a 50% ownership, so does that mean the share price should now be half of it's current value (market cap), and if not, what is fair value, and what is the validated basis for a new value?
They have sold a fair chunk to Sibanye at 65 cents, so I'm assuming they reached that value somehow, or that Goldman Sachs reached that value somehow.
So is INR now worth half (50%) of 65 cents, or about 33 cents?
I'd suggest that because of the de-risking, and quality of the JV partner, that it's worth more than 33 cents at current value, but not 65 cents now.
A reasonable current valuation may probably put it at around 45 cents or thereabouts, considering that a year ago it was only 10 cents before Lithium boom Mark II, which still gives it a 350% rise over the year, and a much fairer valuation.
Gw
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Mkt cap ! $327.2M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $209.3K | 1.538M |
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No. | Vol. | Price($) |
---|---|---|
8 | 422414 | 13.5¢ |
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Price($) | Vol. | No. |
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14.0¢ | 478871 | 10 |
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No. | Vol. | Price($) |
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8 | 422414 | 0.135 |
17 | 536243 | 0.130 |
14 | 449731 | 0.125 |
20 | 879827 | 0.120 |
16 | 862753 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 478871 | 10 |
0.145 | 622989 | 10 |
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