My broker’s website indicates POS has net assets of $138 million, the lion’s share of which is plant and equipment.
Current market cap is $66.6 million, less than half the book value.
I would appreciate it if someone could check my calculations. Am I missing anything?
I understand that plant and equipment needs to be operating to extract vale, and that other mines in the near the Black Swan open pit are stranded due to a lack of access to infrastructure.
I’d appreciate the sharing of any sensible thoughts on this topic.
My broker’s website indicates POS has net assets of $138...
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Last
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0.000(0.00%) |
Mkt cap ! $18.56M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $28.66K | 5.565M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 83 | 27382912 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 21561682 | 19 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 590297 | ||
| Last updated 15.42pm 14/05/2024 ? | |||||
| POS (ASX) Chart |