MEP shareholders being reminded of the risks that other projects in their portfolio have for the company's overall value this morning.
Interesting to see management offer a refund to retail shareholders who have applied of the SPP off the back of the poor results being released to the market this morning.
Whilst there is certainly a level of value that MEP will at some point realise from their ownership of the Great White deposit, currently of ~50%, soon to be 25%. I believe it's a mistake to draw references to the difference in market cap's to try and highlight perceived value that may exist for a soon to be minority stake in one project that ADN own. MEP will also be up for capital contributions for their level of equity retained towards the project from (if i remember correctly) a decision to mind / DFS?
The market cap / value of ADN is made up of many factors with shareholders prepaid to value ADN on the basis of;
- Poochera (Great White)
- Coondorigne
- Mt Hope
- Camel Lake
- Other projects that the company has JV interests in which I believe may be realised over the coming 12 - 18mths to add to the cash reserves and lower future potential dilution.
- Management's significant experience and vast contacts in the sector, which other prospective Kaolin / Halloysite players do not have.
- Forums
- ASX - By Stock
- ADN
- General comments/chat
General comments/chat, page-10275
-
- There are more pages in this discussion • 34,350 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 ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $13.01K | 1.653M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 22348325 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 8394400 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 22348325 | 0.007 |
22 | 10091863 | 0.006 |
15 | 10601333 | 0.005 |
2 | 5000000 | 0.004 |
3 | 8333333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 8394400 | 7 |
0.009 | 27580028 | 22 |
0.010 | 23847978 | 14 |
0.011 | 16613479 | 8 |
0.012 | 15258100 | 7 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |