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70.0¢ astron corporation limited

Thanks for the insights - keen to understand the $5 valuation...

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Aviza2913

955 Posts.

89

10/03/24

14:59

Post #: 72832111
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Originally posted by Tapdancer: ↑

I'm quite confident the deal will go through, barring unforeseen issues.

The strategic benefits to Energy Fuels are manifold; they're getting 50% of the whole Donald tenement at half the NPV of Phase 1 alone; being cashed up and debt free also provides a strong imperative to "do something" which, with this particular project, fortunately happens to tick all the boxes; and one senses from the body language of the CEO that he's just as excited to get this deal done as is Astron.

As for the share price, if the agreement is signed I just for now can't see it rocketing past its recent highs (low 70s).

Tiger Brown has seemingly left a lot on the table, but Astron's circumstances (financial position, Donald now being the only string to its bow, and lack of any real mining experience) warrant a LOT of insurance premium being offered up front. The beautiful thing is that positive news on the deal will remove so much of the risk from Astron as an investment - risk being just as important as the upside - which in our case could see a NPV comfortably exceed the current $5 or so Phase 2 valuation, as each step on the way to full production is successfully dealt with.

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Thanks for the insights - keen to understand the $5 valuation you quoted above. Cheers.

ATR Price at posting: 61.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 70.0¢		Change -0.010(1.41%)		Mkt cap ! $119.7M

Open	High	Low	Value	Volume
71.5¢	71.5¢	70.0¢	$11.22K	15.98K

Buyers (Bids)

No.	Vol.	Price($)
3	58474	70.0¢

Sellers (Offers)

Price($)	Vol.	No.
71.0¢	2929	1

View Market Depth

No.	Vol.	Price($)
3	58474	0.700
1	1515	0.660
1	65000	0.560
1	36370	0.550
1	1250	0.400

Price($)	Vol.	No.
0.710	2929	1
0.715	630	1
0.720	16254	1
0.730	2000	1
0.755	597	1

Last trade - 12.37pm 11/07/2024 (20 minute delay)

ATR (ASX) Chart