There is absolutely no reason this should be getting sold down. Where the supply side is greater than the demand. Who in their right mind would want to be departing with their shares at this stage of the companies cycle. It is now raking in the cash. Explorer to producer and getting paid. 24 c per share is crazy.
It will end up having revenue over a 12 month period that matches its current market cap.
Enterprise value next year will be “0”. Think about that for a minute. You could pay for this company with cash that equates to the cash it will have in bank. And you end up with a company churning $16-20m per quarter for no money down.
We all await for the Market to catch on. But it will!!
There is absolutely no reason this should be getting sold down....
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Last
40.5¢ |
Change
0.025(6.58%) |
Mkt cap ! $281.3M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.5¢ | 38.0¢ | $1.123M | 2.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 215301 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 258822 | 5 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |