Although I agree with some of the chat on this forum the fact is that the market has not attributed any value to Sconi in current MLM valuations.
In reality MLM now looks even cheaper as the enterprise value of bauxite alone is very low.
Based on a current market cap of 21m less cash of 4m less Sconi sale (present and future) 10 m equals 7m only. And we all know that Bauxite 50%NPV is 40m.
So we may not all like the Sconi deal but MLM still very cheap and I think that Simon and the management will be looking to invest that excess cash very quickly in new ventures.
My thoughts only.
- Forums
- ASX - By Stock
- MLM
- Back to reality
Back to reality
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries