Really pleasing quarter....costs have come right down. Production costs for the qtr were $1.4m (annualised at $5.6m - last year annual production costs were $11.8m) so this is just money in the bank for CUE and should add $5-6m to EBITDA this year. Its looking like $15-16m EBITDA is easily possible this year which means CUE is trading at around 1.8 X EV/EBITDA compares to 2.8 x for HZN as an example....and HZN has one of the lowest valuations in the sector. CUE can double from here and still be cheap.
I understand there is a long history with this stock but it is firing now and doing all the right things. They are also drilling, so if they get a hit then who knows where the stock will trade.
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Really pleasing quarter....costs have come right down....
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Last
9.7¢ |
Change
-0.013(11.8%) |
Mkt cap ! $67.07M |
Open | High | Low | Value | Volume |
9.5¢ | 9.9¢ | 9.3¢ | $52.97K | 552.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1042 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 43372 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1060 | 0.097 |
4 | 44467 | 0.096 |
4 | 266670 | 0.095 |
2 | 14975 | 0.093 |
3 | 49565 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 43372 | 3 |
0.099 | 35988 | 2 |
0.100 | 84544 | 1 |
0.105 | 267145 | 4 |
0.110 | 110000 | 2 |
Last trade - 14.01pm 11/09/2024 (20 minute delay) ? |
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CUE (ASX) Chart |