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.
Net assets vs market cap
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Last
0.7¢ |
Change
-0.001(7.14%) |
Mkt cap ! $24.13M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $6.082K | 891.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 22337792 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 23024860 | 54 |
View Market Depth
| Last trade - 14.09pm 30/05/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
-0.001 ( 1.56 %) |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.6¢ | 1037413 | ||
| Last updated 13.16pm 30/05/2024 ? | |||||
| POS (ASX) Chart |