The 12-month cashflow report indicate that mining services is already profitable, they confirmed this in the announcement. The mining services revenue is set to grow in FY25. They mentioned "carve out for Dev Mining Services" and there is no restriction on the payout of dividends. The company can get around the VXR dividend trap through a carve out of mining services. They can distribute divvy through DEV Mining Services as a standalone entity with no debt that is majority owned by DVP. Shareholders can also benefit from a re-valuation of Dev Mining Services ~ potentially worth $385M as alluded by a broker.
This time next year they are going to be making a lot of money once WL is in operation. The metal sales can easily cover the debt and provide sustaining capital. This time next the CEO will also own 24% of the company. The CEO has a track record of consistent dividends.
Current DVP market cap only $534M. This company is on the cusp of huge value creation. I can wait another 350 days.
The 12-month cashflow report indicate that mining services is...
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Last
$2.58 |
Change
-0.040(1.53%) |
Mkt cap ! $699.8M | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.61 | $2.52 | $947.1K | 369.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8089 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 4552 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |