Looking at the lovely 18 page letter from Jiang Guipeng of Zhaojin Capital on 18 December, it is worth noting the following under 1.3 Independent Expert's valuation..."The Independent Expert's sensitivity analysis indicates that a 10% reduction in the assumed future gold price would lower its own valuation of Tietto by over 20%." Of course a 10% increase in the assumed future gold price would raise the valuation by at least 20%. The high-end valuation per Tietto share is quoted at A$0.927 based on a gold price of $1950 for 2024 and $1927 for 2025. Bank of America forecast $2200 for the end of 2024 and Macquarie Group expect gold to reach $2100 during 2024. It does not take a genius to work out that the 58c currently being offered is ludicrous but if Zhaojin want to keep paying millions of dollars to lawyers acting for them so be it !
Looking at the lovely 18 page letter from Jiang Guipeng of...
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Last
67.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $766.4M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.5¢ | 67.0¢ | $1.318M | 1.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 12199959 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 622398 | 14 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
67.3¢ |
Change
0.000 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| 67.3¢ | 67.3¢ | 67.0¢ | 215523 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| TIE (ASX) Chart |