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.
Hi y0w.As SD mentions, while the headline number of above $300m...
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Last
57.5¢ |
Change
-0.025(4.17%) |
Mkt cap ! $1.070B | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 57.0¢ | $1.716M | 2.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3228 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 48843 | 4 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| OBM (ASX) Chart |