Bell Potter have released a report today following yesterdays news.
Price Target $100 and a Buy rating.
Spod assumptions are $5,250 for FY23, $3,028 for FY24
Hydroxide are $67k for FY23, $50k for FY24
Lockyer Deep has been written down by $450mil in terms of its NPV value ($2 per share)
Not 20% as some other posters have suggested.
Ann: Lockyer-2 gas appraisal well results, page-20
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Last
$57.97 |
Change
2.640(4.77%) |
Mkt cap ! $11.39B | |||
| Open | High | Low | Value | Volume |
| $56.80 | $58.41 | $56.26 | $66.62M | 1.151M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1993 | $57.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $57.98 | 3871 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |