it’s pretty clear what time frame bell potter have to
me.
![](https://hotcopper.com.au/attachments/image-png.4279156/?temp_hash=4795005e78ad80d24e1d138411e83d79)
according to their pricing sensitivity analysis they are determining a valuation for AKE now, not a “forecast”.
for the record bell potters fair value appears to be approx $18 for AkE. Based on the above chart US$35k per tonne equates to $25 share price. But that’s for carb pricing.
8x units of 6% spod to produce 1 unit of carb. Mount cat the beast is pulling in us$5k pt for June quarter. Or US$40k per tonne equivalency of carb. So you could argue $25 per share is light on?
furthermore, current spot pricing which is what AKE primarily negotiate future pricing on is currently more that 100% higher than June quarter pricing. The longer the spot price stays at the current levels the higher the second half 22 Pricing for AKE should be. Unbelievable time to be invested in this space and if you have a better investment thesis on offer at the moment on any stock exchange, please do share.
June quarter annualised revenue is approx $2b.
not advice