lol.. FA will keep it up there mate. anyone selling at the moment just doesnt know what it is currently worth
How do you value a company based on a commodity that is cyclical. Forecasts are wrong. Iron ore was flopping hard 2 years ago. Is it you don't remember? IRR of 58% seems good. Though compared to the SP? what is it? Higher the SP, lower the earnings per share, EPS. So what is the fair value of it? Either the media are over optimistic and fearmongering.
No one here has given a value of the company. If the EV ( enterprise value was given in the DFS), then its not far off. Its
So after 6.5 years is the forecast of iron ore going to be $100+? after 1 year. How long before its rerated downward. I recall the forecast for iron was going to flop if you read the media in 2019 for 2020. What of gold? If I recall gold was a sure bet until 2022. Now it could crash . Now to pretend that AFR or mining.com haven't been wrong on forecast before claiming that Vale won't come in 2022. Its more likely to come in mid or end of 2021 and out perform is a joke.
How much of the iron ore is hedged and how much is spot price? Can't even find this information. We don't even know if chinese are buying at the spot price and how much is being bought at the spot price. Why aren't there articles on that?
EBITDA is given why isn't per annum earnings given. IMHO my valuation is its near its priced proper valuation already. Its not a company like BHP or RIO. Its got one mine, high risk, could run into a issue and its worth nothing. Since it has a high risk, could argue its MC of $120M but its not like the value will increase in the assets of the company.
Then the argument is they will find something else and use the cash. We don't decide on what they do. We get to decide to buy or sell. Thats it. They will probably dilute it over and over like all the other speccies.
- Forums
- ASX - By Stock
- FEX
- Chart
Chart, page-14
-
- There are more pages in this discussion • 1,551 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
Add FEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $197.9M |
Open | High | Low | Value | Volume |
28.0¢ | 28.5¢ | 28.0¢ | $125.5K | 444.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 159188 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 1242932 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 150188 | 0.280 |
4 | 444413 | 0.275 |
18 | 1405951 | 0.270 |
9 | 709279 | 0.265 |
11 | 887588 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 1242932 | 15 |
0.290 | 272193 | 11 |
0.295 | 685085 | 12 |
0.300 | 1365741 | 23 |
0.305 | 733540 | 4 |
Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
|
|||||
Last
28.5¢ |
  |
Change
0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
28.3¢ | 28.5¢ | 28.3¢ | 182378 | ||
Last updated 15.59pm 23/04/2024 ? |
Featured News
FEX (ASX) Chart |