I asked the good people at BAT to add the Morgan's report to their website.
We have updated our sum-of-the-parts valuation to A$0.26/share and maintain our Speculative ADD recommendation. Key risks to our valuation are funding, pricing and production assumptions
https://www.batteryminerals.com/wp-content/uploads/2016/01/17-January-2018_Morgans-Research.pdf
Note peer comparison - we are definitely undervalued at current share price given our progress compared to TON.
BAT have a larger reserve and are closer to production.
Morgans 26c price target
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Mkt cap ! $17.92M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $19.16K | 164.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 125879 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.0¢ | 60613 | 2 |
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| Last trade - 15.56pm 02/05/2024 (20 minute delay) ? |
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| 11.5¢ | 12.0¢ | 11.5¢ | 47007 | ||
| Last updated 15.27pm 02/05/2024 ? | |||||
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