Yes, Mondy is carrying a way higher tax burden than reality due to not deducting interest expenses and not deducting depreciation, which I understand is quite favourable in Argentina (i.e. early accelerated depreciation will greatly reduce tax over the first 3-5 years). So he is significantly under representing free cash flow.
In any case its just academic and nonsensical to value a company on what is really a glorified pilot phase vs the actual development at scale (i.e. at least the 20ktpa which has a DFS behind it and permits submitted).
As a non Galan holder Mondy, why are you not spamming other Li companies that are ridiculously valued that you don't hold? I find it really weird that you are obsessed with Galan and trying to argue its fair value?
Yes, Mondy is carrying a way higher tax burden than reality due...
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Last
31.5¢ |
Change
-0.030(8.70%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.0¢ | 31.0¢ | $1.192M | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7065 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
32.0¢ |
Change
-0.030 ( 8.10 %) |
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| Open | High | Low | Volume | ||
| 35.5¢ | 36.0¢ | 31.0¢ | 1997630 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| GLN (ASX) Chart |