As i mentiomed earlier, $1billion valuation for a company that is earning $100m per annum is really cheap.
Assuming 4cents divvy for 50 years.
The market only wants to see a constant divvy to be able to fully valuate it.
The price should of never reached below 10cents pre-privatisation, but that is share market and can not control it.
I have seen stocks that have grown about 2000 fold before any earning release, just based on speculation.
In addition to that, most stocks trade at around 30-40 PE before they face correction. Based on that, we are looking at around $1.5-$2.0
Call me mad, but that what my experience tells me.
Going private, was more likely Palinghurst strategy to get a free mine, but it looks like it has failed. Thanks to the director that bought 20m shares just before going private. I had a huge confidence in him.
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26.5¢ |
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Mkt cap ! $519.4M |
Open | High | Low | Value | Volume |
25.5¢ | 26.5¢ | 25.0¢ | $3.090M | 12.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 32832 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.260 |
3 | 205212 | 0.255 |
25 | 1725239 | 0.250 |
11 | 876367 | 0.245 |
11 | 1219502 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 32832 | 4 |
0.270 | 496914 | 5 |
0.275 | 1239004 | 9 |
0.280 | 388242 | 8 |
0.285 | 346362 | 5 |
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