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
CTM Chart 2022, page-505
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $232.9M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.0¢ | $79.62K | 169.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33306 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
Change
-0.015 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| 47.0¢ | 47.5¢ | 46.0¢ | 43339 | ||
| Last updated 15.57pm 24/05/2024 ? | |||||
| CTM (ASX) Chart |