Correct forecast cash 15c/share (AUD). So still trading at 20% discount to forecast cash backing.
Positive action so far to address bloated corporate overhead should save $1.25m pa. I think there is at least another $0.5-0.75m pa to go before taking account of cash savings from implementing measured exploration/development expenditure programs over the next 12-24 months. On going corporate overhead of $2.5-$2.75m pa ($0.6-$0.7m pq) is reasonable in this environment.
Unanswered question is how much intrinsic value is there in the Mumbwa/Kitumba assets. Looks like there is now a stronger commitment from the new regime to better understand and manage this.
Ann: Market Update, page-7
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Last
33.0¢ |
Change
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Mkt cap ! $189.9M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 34.8¢ | 33.0¢ | $330.5K | 978.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 189230 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 7003 | 1 |
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