I just received my quarterly Resource Stocks magazine and both ARQ & CSM are mentioned very positively.
In relation to ARQ, they quote a broker who has a valuation of 92 cents and rising based on increased reserves. They regard it as the outstanding Perth Basin choice at the moment.
They even mentioned that cash flows could get to $30 million per annum soon and a dividend may be paid. Great stuuf.
In relation to CSM , they mention how ridiculously low the current price is and that it is undervalued by half.
Management have had to go to London to try to get a proper valuation of the company, quoted at around $1.20.
Great reads, but sorry I cannot post.
I hold both.
arq & csm - great write ups and values
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.18M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $49.45K | 318.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107000 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 872186 | 11 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |