Latest Hartley's Research Report is available on the BAT website:
https://www.batteryminerals.com/wp-content/uploads/2019/03/Hartleys-Research-28Feb2019.pdf
Their assumption is AUD $100M (USD $70M) is required with 50:50 debt to equity split. So that is AUD $50M (USD $35M) of equity on the Hartleys assumption. Need to wait to see what materialises with the actual funding package BAT achieve. I think it is unlikely BAT would attempt to raise AUD $50M at the outset of financing given our current market cap (unless of course they have already lined up a number of parties with deep pockets to contribute to the raise).
- 12 month target 5.6c
- 2021 target 11c ( once in full production )
Hartleys 2021 price target is based on a P/E of 11.0.
Video is also available. This was shown at Rising Resource Stars.
Hartleys Research Report - 12 month target 5.6c, 2021 for 11c
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Last
28.5¢ |
Change
0.040(16.3%) |
Mkt cap ! $51.11M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 31.0¢ | 24.5¢ | $1.921M | 6.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 90917 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 10000 | 1 |
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| WTM (ASX) Chart |