It is a great thing for Altura to be getting the attention of analysts like Morgans. I reckon it is one of the most important pieces in the puzzle for Altura to move ahead.
Here are my key take-aways from the Morgans report:
1. Price target of 33cents based on risked NPV calculations
2. Derisked valuation is around 60cents, with very little value being given to the lithium (which I don't agree with)
3. Approval of expansion at Mt Webber is repeatedly mentioned as an upside catalyst. From memory AGO have announced this could be approved by the board in this quarter? This could be the event that moves this share price into the mid 20's. Or the fact that we are about to start making money from stage 1 of Mt Webber.
4. Dividend in 2015FY is possibility based on their calculations. This would be huge IMO in changing the perception of the company.
Lots of positives to take from this report. Excitement levels are building
Ann: Morgans Research Report , page-5
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
