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
$3.86 |
Change
-0.130(3.26%) |
Mkt cap ! $1.367B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.90 | $3.82 | $4.646M | 1.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10759 | $3.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 11941 | 4 |
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