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
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $133.9M |
Open | High | Low | Value | Volume |
9.2¢ | 9.4¢ | 9.0¢ | $329.9K | 3.597M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 59325 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.4¢ | 73784 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 59325 | 0.092 |
5 | 163943 | 0.091 |
15 | 1454530 | 0.090 |
6 | 427454 | 0.089 |
5 | 118736 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 73784 | 2 |
0.095 | 51130 | 1 |
0.098 | 10250 | 2 |
0.100 | 158472 | 4 |
0.105 | 589111 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
9.2¢ |
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Change
-0.001 ( 1.08 %) |
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Open | High | Low | Volume | ||
9.1¢ | 9.4¢ | 9.0¢ | 1081942 | ||
Last updated 15.59pm 14/06/2024 ? |
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