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%.
Ann: Quarterly Activities Report, page-13
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $357.9M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 38.5¢ | $618.4K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 143887 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 6251 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.000 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 39.0¢ | 40.0¢ | 38.8¢ | 923266 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MLX (ASX) Chart |