I'm with you here & think it is undervalued & both a short & long term play ... I'm just stuck for reasons it isn't valued higher.
Only a couple of reasons, short(ish) production history so far, low(ish) reserve life - though hopefully during the course of this year get proven up & extended.
Once these things happen, perhaps a more realistic (in our view) valuation can be incorporated by the market?
If WhoDat capex translates into higher production, larger reserves & reserve life & Neon proves itself, then I think this can be a portfolio game changer.
I'm with you here & think it is undervalued & both a short &...
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Last
$1.90 |
Change
-0.010(0.52%) |
Mkt cap ! $1.522B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.96 | $1.87 | $13.33M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10554 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 84402 | 7 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.90 |
Change
-0.010 ( 1.53 %) |
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| Open | High | Low | Volume | ||
| $1.95 | $1.96 | $1.87 | 1995889 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KAR (ASX) Chart |