Difficult to say at this point. Market has given no real valuation for their projects, seems like just valuing their tenements. If we get a boa or jv their may be an awakening of the true value of the project?just the graphite project alone suggests an IRR of 33% - with nearly 20m yearly profit for .LOM then, we have gold, ree, uranium....1.6c does not reflect value of any of thisback of envelope maths to me, on a PE ratio of 10 ( average of asx has historically been around 14 i think) suggests a price of around 16c....so discount all pe gets us to where we are now - so no value attributed at all! I have also never seen backing from 2 govs for project finance....again, not recognized by market as derisking project. Id like to see some financial backing from SA gov job fund - NT gov just did this for another company im in....SA would be shortsighted not to follow suit. have noticed a bit of extra media coverage recently though, so thats a good start!
kalkinemedia.com/au/news/stock-market/renascor-resources-june-quarterly-report-signalling-cornucopia-of-excellence-at-siviour-graphite
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Difficult to say at this point. Market has given no real...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $254.1M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $180.3K | 1.790M |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 1088843 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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10.5¢ | 3370479 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1088843 | 0.100 |
3 | 205593 | 0.099 |
7 | 284673 | 0.098 |
7 | 313127 | 0.097 |
10 | 678478 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 3370479 | 45 |
0.110 | 2130752 | 33 |
0.115 | 1174632 | 18 |
0.120 | 1191448 | 23 |
0.125 | 714608 | 6 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
10.3¢ |
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Change
0.000 ( 2.50 %) |
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Open | High | Low | Volume | ||
10.3¢ | 10.3¢ | 10.0¢ | 1325070 | ||
Last updated 15.07pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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