Can I advance a (uneducated) theory?
1. ERA has been in care & maintenance for some time now - no news there.
2. From the 2018 half year report - http://clients3.weblink.com.au/pdf/ERA/02260034.pdf - they indicate they've spent $641m on rehab since 2012 - and that their schedule extends to 2051 "Post closure monitoring and maintenance rehabilitation works (if required)"
3. They indicated strongly that 2026 is a drop dead date for end of rehab and the traditional owners are politicking to extend that period. This might indicate the rehab extension is a political process - not a "regulatory required" one - and therefore a less probable outcome.
4. Market cap is currently $1.12b which - in theory - includes the future cost of rehab. If they've spent $641m since 2012, and are only just entering the rehab phase - surely they'll spend another similar amount to close the thing properly?
Did the market - at 15c - have a much more protracted and expensive rehab program priced in?
Totally happy to be shot down / educated / rebutted here. (Hoping to learn something)
Can I advance a (uneducated) theory?1. ERA has been in care &...
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Last
5.1¢ |
Change
-0.003(5.56%) |
Mkt cap ! $1.129B | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.1¢ | $2.633K | 50.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 216478 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 15199 | 1 |
View Market Depth
| Last trade - 14.27pm 09/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.003 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.3¢ | 5.1¢ | 73723 | ||
| Last updated 13.57pm 09/05/2024 ? | |||||
| ERA (ASX) Chart |