I was very wrong with these assumptions, I’ll work out where I went wrong, the mistake is from the price we get for each shipment.
Nikos - yes, cash is now $68mil after the dividend has been paid. Eventually $~20mil will also need to be paid in tax. The company has no debt and is guarantee to make money for the next 12 months with the hedge in place. The downside seen for the business is the small life of mine (6 years) and the volatility of the IO spot price. IMO DYOR
FEX Valuation, page-679
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $274.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |