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.
Correct forecast cash 15c/share (AUD). So still trading at 20%...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $624.1K | 2.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 111026 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 70000 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| A1M (ASX) Chart |