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1.2¢ sunstone metals ltd

Ann: Quarterly Activities and Cashflow Report, page-28

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dundalli

551 Posts.

37

25/03/20

22:41

Post #: 43700821
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Originally posted by squanski: ↑

As a corollary to the above, using the transform,SP of 0.5cents gives a market cap of $7M, that is the present positon. As the share price has fallen from 4.5c to 0.5c over the last year the company's market cap has fallen by $56M. Meaning that, it took an expense of $56M over the last year, to arrive at a position where the market says it is worth $7M. Something is out of kilter here, either the market is right and it is worth $7M or it is worth more than $7M. My position is that the management has followed a sensible program over the last year and has not committed any great blunders and any other company would have behaved in much the same way. So guessing that the company outlayed, say, $15M over the last year I would say that the company is undervalued to the tune of $56M minus $15M at least. So the shares are undervalued by $41M /$7M, say 6cents at least.

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yep. buuut. world macros, lack of cash, tax loss selling coming. Limon might save it...I might win lotto

STM Price at posting: 0.6¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $42.00M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$17.83K	1.562M

Buyers (Bids)

No.	Vol.	Price($)
26	8908867	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	6582092	12

View Market Depth

No.	Vol.	Price($)
26	8908867	0.011
13	4795800	0.010
9	3387954	0.009
11	6148948	0.008
6	2642999	0.007

Price($)	Vol.	No.
0.012	6582092	12
0.013	1386150	2
0.014	2519251	6
0.015	3035946	5
0.016	3268438	4

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.2¢	1448828
Last updated 15.59pm 06/05/2024 ?

STM (ASX) Chart

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