You should not price shares on the last quarter. Sure there is a lag in cash build, but the company still has $167 million now in cash, with a market cap of $426 million. Tin price is up over 20% on last quarter and production over the next year could also rise 20% (comparing 4Q 23 and 1Q 24). Even comparing 1Q24 with 10000 tonnes (hardly a stretch target) production would rise 10%.
You should not price shares on the last quarter. Sure there is a...
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Last
43.0¢ |
Change
-0.015(3.37%) |
Mkt cap ! $389.6M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 42.0¢ | $1.860M | 4.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 165979 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 9999 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
-0.015 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 44.5¢ | 44.8¢ | 42.0¢ | 2056718 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MLX (ASX) Chart |