EFETHE NEXT 25 B.AGGER?After doing some digging around I've...

  1. Verplak85
    11,248 Posts.
    lightbulb Created with Sketch. 1373
    clock Created with Sketch.
    13/09/21
    08:17
    Post #: 56009033
    EFE
    THE NEXT 25 B.AGGER?

    After doing some digging around I've decided to take a very small position on this microcap. Conisidering CXO on the 4/1/2021 since the Yahua deal ran from 10c to 43c at an all time HIGH 4x profits

    CXO Chart Below

    https://hotcopper.com.au/data/attachments/3571/3571700-2a00601c15bc6d2b4585d1dcd4d6e519.jpg

    Doing a Comparison with CXO which can give us a compartive trajectory as they have binded the the same company

    EFE
    MARKET CAPITALISATION $20,129,695
    SHARES ISSUED 745,544,264

    CXO
    MARKET CAPITALISATION $526,289,376
    SHARES ISSUED 1,547,909,928

    Going by these numbers without "dilution" cauld make EFE trade multiples of x 20 will a long term price target of 56c

    Downside

    The cash balance at the end of the quarter was $1,496,000.     They could do a CR at any present time. However going off the information they might pull this out next quarter or as soon as a "Binding" agreement with Yahua is closed.

    EFE chart Below. Usually after a P&D I see the SP retract and slowly form a cup & Handle over a period of months. However saying that. Clues are pointing towards a re-rate within 3 months

    Daily







    Likes Created with Sketch. 8  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

Featured News

FHE Frontier boosts project economic for Waroona with increased battery time and revenue
right-arrow Created with Sketch.
SRG Multiple contract awards puts the wind in SRG's sales
right-arrow Created with Sketch.
NEWS Corporate profits miss buoys ASX200 & why are iron ore and brent crude so low?
right-arrow Created with Sketch.
LPM Lithium Plus inks spodumene offtake MOU with China's Canmax
right-arrow Created with Sketch.
FRM Farm Pride Foods the latest ASX stock hit by onshore bird flu spread; 8% of birds to go
right-arrow Created with Sketch.
AZY Drilling doubles gold-copper mineralisation zone at GEO-01 for Antipa
right-arrow Created with Sketch.

Top Stories

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.