If you’re going to look backwards at FY23 EBITDA then you have to look backwards at the FY23 market cap for it to make sense. Share price back in June 2023 was $15, for a market cap of around $11.3B.
With the lithium price collapse - and the change to the Greenbushes pricing mechanism - it was only a matter of time before this re-rated downwards.
Calcs here: https://hotcopper.com.au/posts/72502355/single
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 1752 | 6.140 |
2 | 948 | 6.030 |
3 | 486 | 6.020 |
2 | 92 | 6.000 |
Price($) | Vol. | No. |
---|---|---|
5.560 | 2441 | 5 |
5.670 | 187 | 3 |
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5.690 | 294 | 2 |
5.710 | 4231 | 2 |
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