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4.26%

45.0¢ 29metals limited

Market cap is only 178million??

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Jigarpatel8141

208 Posts.

23

08/02/24

09:49

Post #: 72298126
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Originally posted by Amit9997: ↑

I am not sure why arguing here. Company current valuation as per current market share is only $350M but the book value of the company (Net assets) is around $420M. So, its clearly under value. If they go administration today and administrator sell their assets and pay off debts the net value they get is $420M. So, shareholders will get more money then by selling their shares at current price. Risk is low for investor at current prices. Its a buy for me. Anything under 40 cents is a good buy for me. I can easily see 50% gains in next 12 months even after the cap raise.

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Market cap is only 178million??

29M Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 45.0¢		Change -0.020(4.26%)		Mkt cap ! $315.7M

Open	High	Low	Value	Volume
46.5¢	46.5¢	44.5¢	$452.3K	991.0K

Buyers (Bids)

No.	Vol.	Price($)
9	123698	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	81069	21

View Market Depth

No.	Vol.	Price($)
3	75645	0.450
13	127884	0.445
13	329598	0.440
7	104917	0.435
9	217461	0.430

Price($)	Vol.	No.
0.455	47549	14
0.460	99641	14
0.465	110415	5
0.470	7000	1
0.475	49747	4

Last trade - 10.55am 09/05/2024 (20 minute delay)


Last 44.5¢			Change -0.020 ( 4.32 %)
Open	High		Low	Volume
46.5¢	46.5¢		44.5¢	326503
Last updated 11.18am 09/05/2024 ?

29M (ASX) Chart

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