Rodney Hooper who does youtube videos in the lithium space with Howard Klein (Rock stock channel) did an independent valuation of INR a while ago. They priced INR at $1 in 2024 as fair market value. I think from here an O/T pending on the parties involved would see us as high as mid 70s pending on again how many are involved and what the agreement is.
From there after O/T it will likely trek sideways or slightly down as profit takers reduce holdings and news will likely be limited for a while after that. We may even see the rarity that is a CR for project funding over that time period, somewhere from after O/T until end of 2021 though I think this will be unlikely until after permitting is confirmed (but I could be wrong).
After permitting we will likely see a small uplift to maybe 80/90c but I dont foresee a dollar in the near term as that is extremely overvalued IMO.
Again from 90c/80c after a positive permit announcement price will trek down during construction of the mine 1 to 2 years on the back of limited news and further profit taking.
Once the project is complete, if its on budget and on time I foresee a push to above $1 after first production/shipment. The push will be driven by the fact management delivered on time, on budget and the asset is now income producing for years to come.
Thats why I think people are crazy day trading this stock. Offtake due any moment now and if your not holding, you may miss out on a decent leg up. An sure the market will likely see a trough in the time from now until first production, but if dividends do start to flow would be brilliant!
All the above IMO.
- Forums
- ASX - By Stock
- External News & Commentary
Rodney Hooper who does youtube videos in the lithium space with...
- There are more pages in this discussion • 1,757 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add INR (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $581.4M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 23.5¢ | $1.001M | 4.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19892 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 140553 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19892 | 0.245 |
1 | 39252 | 0.240 |
7 | 118264 | 0.235 |
8 | 319262 | 0.230 |
3 | 171890 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 140553 | 4 |
0.260 | 426603 | 7 |
0.265 | 170771 | 6 |
0.270 | 93333 | 4 |
0.275 | 88405 | 4 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
24.5¢ |
  |
Change
0.005 ( 0.20 %) |
|||
Open | High | Low | Volume | ||
25.5¢ | 26.0¢ | 23.5¢ | 2122913 | ||
Last updated 15.59pm 22/05/2024 ? |
Featured News
INR (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online