I think you touched on this previously, and whilst I disagree, it is clear that lack of faith in management to deliver on their growth projects in a timely manner is widespread. This explains a large part of the decline relative to peers.
The risk of operating in Argentina, and uncertainty with permitting for future brine expansion relative to asset potential can also be a reason.
If you’re discounting growth potential and only valuing this on expected PE then I don’t think seeing valuations of AU$4-5 per share is out of the question.
General Discussion, page-1317
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Last
$6.44 |
Change
-0.130(1.98%) |
Mkt cap ! $2.499B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.48 | $6.40 | $12.13M | 1.883M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21985 | $6.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 6155 | 1 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$6.46 |
Change
-0.130 ( 2.30 %) |
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| Open | High | Low | Volume | ||
| $6.45 | $6.48 | $6.40 | 302881 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
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