The end game for many may be the dividend stream which may or may not be in the range of 5 cents per share. If you look at that compared to today's SP of 0.23 that is a 20% plus return a year ( compared to the price of the initial share). Now that is impressive in itself.
Not only that but who really think the Sp will be $0.23 in a year or two time? Seriously it may be more like $0.40 - $0.50 before long and there are the big gains. By the time they reach steady state production ( and this might not be for 6-8 years) the share price would have to reflect the yearly earnings per share i.e relating to a reasonable P/E of 15 - 20 gives you a SP b/w $0.70- $0.90 this is conservatively speaking and does not reflect other income streams.
So that being said, I'm happy to sit back and watch over the next 5- 10 years and enjoy a happy retirement as this may help that be a possibility.
GLTAH.
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $807.9M |
Open | High | Low | Value | Volume |
29.0¢ | 29.8¢ | 26.5¢ | $682.8K | 2.439M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 117263 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 12348 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 117263 | 0.275 |
5 | 210250 | 0.270 |
4 | 118549 | 0.265 |
3 | 46542 | 0.260 |
3 | 105921 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 12348 | 1 |
0.285 | 45370 | 2 |
0.290 | 35000 | 2 |
0.295 | 10000 | 1 |
0.300 | 56000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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