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39.0¢ sunrise energy metals limited

Like I said, for a company with no production it's a pump and...

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ozbucheron

1,560 Posts.

339

19/01/19

21:23

Post #: 37165999
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Originally posted by T.E.P.: ↑

Hi @ozbucheron,

The reason that both nickel prices and cobalt prices affect the share price of all companies in the sector, regardless of their level of advancement (exploration v construction v production) is that a share price (and the corresponding market cap) reflects the markets expectations of future earnings across the lifetime of the company.The intrinsic value of a company can be estimated and compared with the market cap of a company by calculating the projected earnings of the company (cash flows), summing them, and then discounting back to todays dollars. In the case of CLQ this calc obviously relates to the nickel and cobalt price. This is called a DCF analysis.

If you overlay both the cobalt price and the nickel price over the share price chart of CLQ, you will see the correlation. For example, the huge spike in cobalt prices in 2017, closely correlates to the rise in share price of CLQ over that same time period.

Cheers,

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Like I said, for a company with no production it's a pump and dump on metal price.

DCF, sentiment, call it what you will but the animal spirits were lusting after cobalt and the cool heads (whoever they were) pulled out before being dumped on the beach.

CLQ Price at posting: 47.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 39.0¢		Change -0.020(4.88%)		Mkt cap ! $36.99M

Open	High	Low	Value	Volume
40.0¢	40.0¢	39.0¢	$1.821K	4.566K

Buyers (Bids)

No.	Vol.	Price($)
2	583	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
40.5¢	3818	3

View Market Depth

No.	Vol.	Price($)
2	583	0.390
2	1784	0.385
2	27631	0.380
2	20943	0.370
2	14000	0.360

Price($)	Vol.	No.
0.405	3818	3
0.410	2909	1
0.415	9879	1
0.425	20000	1
0.490	1250	1

Last trade - 14.23pm 29/07/2024 (20 minute delay)

SRL (ASX) Chart