That's not quite correct mate. I said I hoped to be surprised and hit a personal target of $1.70 by mid-2025, at which point I would sell. I added that I expected "around $2 by mid-2028.
It's very clear that it's not going to happen at this point, JZ has missed the boat for a competitive pre-paid offtake and it seems that massive dilution is required to fund the 10 ktpa CAPEX (probably around A$460m). That 10 ktpa CAPEX budget is equivalent to more than 4b (yes billion) additional shares, at which point all P/E ratios can be tossed out the window.
Now I don't actually expect 100% CAPEX funding through a cap raise, it seems pretty obvious that any funding solution will probably be a combination of pre-paid offtake, cap raise and debt. The problem is the timing. Any pre-paid offtake at this point is not going to be favourable to AGY, and it's not going to be a 100% solution. How many developers have received a pre-paid offtake that's worth 4 times their market cap?
Honestly, I think anyone who doesn't expect some significant dilution moving forward has got rocks in their head. And with that unknown hanging over the company, any previous estimates are worthless.
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $174.7M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $197.2K | 1.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 1959452 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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12.5¢ | 169666 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 1959452 | 0.120 |
13 | 1288003 | 0.115 |
15 | 878980 | 0.110 |
11 | 1038595 | 0.105 |
21 | 1081788 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 169666 | 4 |
0.130 | 464055 | 9 |
0.135 | 761549 | 13 |
0.140 | 1710864 | 12 |
0.145 | 1311746 | 9 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
12.3¢ |
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Change
-0.005 ( 3.92 %) |
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Open | High | Low | Volume | ||
12.5¢ | 12.5¢ | 12.0¢ | 990330 | ||
Last updated 15.59pm 03/06/2024 ? |
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