That assumption (that 60cps represents value) is based upon the limited gold resources this company has in my opinion.
Ask yourself this, WHY do they so badly want to make an acquisition?? My assumption is because scrip is expensive and they need resources to back up the valuation.
Not a gold company in the world trading at this sort of mkt cap with 1,000,000 Oz of resource.
60cps is value.. I ll go one further an probably say 50cps - without the cash recently raised, 40cps.
No secret management sold into the raising, why??
nst fair value .50 to .60, page-14
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Last
$12.98 |
Change
0.170(1.33%) |
Mkt cap ! $14.91B | |||
| Open | High | Low | Value | Volume |
| $12.82 | $12.98 | $12.80 | $48.34M | 3.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11251 | $12.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 131984 | 3 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |