I don't put much stock in Morningstar Quantitative price targets because they are quantitative, but according to them the current fair value is $0.30. It's been bouncing between $0.37 and $0.30 this month.
I don't think it's Adina, I think it's just a pause in buying atm and it will resume Monday regardless of Adina
Again, it doesn't matter which way you slice it, MTC is grossly undervalued.
Compare it to TAW
https://hotcopper.com.au/threads/taw-vs-mtc.4044121/
Compare it to SYA
https://hotcopper.com.au/threads/sya-vs-mtc.4065238/
Compare it to PIO
https://hotcopper.com.au/threads/pio-vs-mtc.4077184/#.WtADrC5uaUk
Compare it to NVA
https://hotcopper.com.au/threads/nva-vs-mtc.4073434/
And consider that instead of retaining 30% of our cobalt assets we will now be retaining 100%
And consider that it was possibly a combination of the iCobalt spin off and the Dynavolt pull out that resulted in our price decline from $0.35-40 to where it is now...
And it's not hard to see that MTC is a screaming buy
All personal opinion, pure speculation, not advice, do your own research etc
MTC-General discussion, page-28
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $45.21M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 23.0¢ | $11.31K | 49.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 113993 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 35097 | 4 |
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| Last trade - 11.44am 25/07/2024 (20 minute delay) ? |
| MTC (ASX) Chart |