I think you need to look at it like this
what are the chances you can fund a $500m capex bill in this market?
id suggest none and there ain’t going to be a white knight.
so then the question is what’s a stranded project worth in a down market?
Someone is probably interested as a out of the money nickel option but what price that might be is hard to say, I personally think $20-$40m range is reasonable
I think you need to look at it like this what are the chances...
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $242.5M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.5¢ | 48.0¢ | $199.2K | 401.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49558 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 9292 | 4 |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
48.0¢ |
Change
-0.010 ( 3.32 %) |
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| Open | High | Low | Volume | ||
| 49.0¢ | 50.5¢ | 48.0¢ | 71714 | ||
| Last updated 15.48pm 22/05/2024 ? | |||||
| CTM (ASX) Chart |