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7.14%

1.3¢ sunstone metals ltd

yep. buuut. world macros, lack of cash, tax loss selling coming....

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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 1.3¢		Change -0.001(7.14%)		Mkt cap ! $45.50M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$4.78K	360.6K

Buyers (Bids)

No.	Vol.	Price($)
10	3782975	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	1866509	6

View Market Depth

No.	Vol.	Price($)
10	3782975	0.013
11	2282098	0.012
6	2249725	0.011
8	3340000	0.010
4	2200288	0.009

Price($)	Vol.	No.
0.014	1866509	6
0.015	4005095	4
0.016	3268438	4
0.017	2329999	4
0.018	2303480	4

Last trade - 16.10pm 26/04/2024 (20 minute delay)


Last 1.3¢			Change -0.001 ( 7.14 %)
Open	High		Low	Volume
1.3¢	1.3¢		1.3¢	1032742
Last updated 15.05pm 26/04/2024 ?

STM (ASX) Chart