Hi y0w.
As SD mentions, while the headline number of above $300m for the tax loss is nice, the companies E/V is probably sitting around $200m.
Still the net income tax losses could be closer to $130m AUD, so the company is barely worth $70m. And that is with a plant almost in production, 2m ounces in resource, and 5 years of reserves. No hedging etc etc.
The value proposition is clear, however for now, those that I thought that would have bought it, are being patient, or looking at bigger prey.
OBM is a huge play on a higher POG. with the bonus of being valued at very little. Nice.
Building strong base ... 35+ Starts breakout (I hope), page-48
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Last
45.0¢ |
Change
0.015(3.45%) |
Mkt cap ! $836.7M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.5¢ | 44.0¢ | $1.616M | 3.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8975 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 26000 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |