I think in the current market conditions - I'm not going to expect fireworks (even if we came across the biggest nickel deposit on planet Earth). I do watch Mincor closely, they are our neighbors (quite literally) and have less reserves at a lower grade than us.
They're trading at an equivalent of $3.22 to our market cap today in these trying conditions, and have even been trading 71% higher (equivalent peak of $5.50 calculated into the MC of Widgie for comparison). They just started production, and looking at OPEX, aren't far from returning profits, then likely dividends.
This is our neighbor, with a lower grade, and lower reserves. They're doing fantastic, and we'll do even better. Whilst it's still a little while out to be talking dividends - it's worth noting the tiny amount of shares on issue, cashflow positive situation of the company, and extensive reserves. Doing the math on general operating expenses and projecting a potential profit (based on peer comparisons), I come up with a dividend figure that is just absurd, and so much so that I wont show it. All I will say is that for it to be a realistic dividend, our share price will have to be absolute multiples of where it is now. I'm very excited.
We'll be attracting attention very soon. Enjoy the ride!
- Forums
- ASX - By Stock
- Ann: Trading Halt
I think in the current market conditions - I'm not going to...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WIN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $7.341M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.3¢ | $4.92K | 204.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 245316 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 21 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 245316 | 0.023 |
4 | 268346 | 0.021 |
2 | 550000 | 0.020 |
2 | 315714 | 0.016 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 21 | 1 |
0.029 | 6579 | 1 |
0.032 | 5158 | 3 |
0.034 | 80360 | 1 |
0.035 | 47804 | 1 |
Last trade - 15.56pm 28/06/2024 (20 minute delay) ? |
Featured News
WIN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online