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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That's not quite correct mate. I said I hoped to be surprised...
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $182.5M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $171.6K | 1.351M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 1210063 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.0¢ | 399834 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 1210063 | 0.125 |
44 | 1884216 | 0.120 |
16 | 1355004 | 0.115 |
10 | 592043 | 0.110 |
11 | 1019857 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 399834 | 10 |
0.135 | 760093 | 18 |
0.140 | 500520 | 11 |
0.145 | 848808 | 12 |
0.150 | 619286 | 18 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
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Change
0.005 ( 2.00 %) |
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Open | High | Low | Volume | ||
12.5¢ | 12.8¢ | 12.5¢ | 522688 | ||
Last updated 15.59pm 17/05/2024 ? |
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