Trading this stock is a mug's game.
A precedent has been set on valuation of the CCS JV by Samsung: $335M based off historical construction costs.
Any discount to this is effectively a probability of that deal getting across the line.
So our market cap is saying we have a 1 in 15 chance of getting this deal across the line.
I would say the market is mispricing these odds, and we are very close to securing it.
Ann: Pilot Announces $4 million Placement, page-60
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $24.63M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $78.69K | 5.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1189642 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 120000 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PGY (ASX) Chart |