I did some figures on SAU/SNU. Please correct me if I made any errors.
SAU's 39% holding in SNU is worth $9million (39% of $23 million) at the issue price of $0.20 .
SAU has recently run from approximately 47 cents (market cap $27million) to today's price of 62 cents (market cap $36 million). This is an increase in SAU's value of $9 million, equal to their SNU holding at issue price of $0.20.
Therefore, judging by the recent run in SAU, the market is 'guessing' that SNU will double in value, i.e. rise to $0.40 per share.
I personally think that SNU will rise higher than this, and therefore SAU should continue to rise also.
The comments made my South Australia's Premier Mike Rann has had a very positive impact on South Australian uranium companies today such as AGS and ADN. Should help SNU also. I also think that SNU has better prospects than NUP which closed up 400% from its issue price on the opening day.
I hold SAU.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.443M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $1.822K | 202.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 450000 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2912976 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 450000 | 0.008 |
7 | 1439000 | 0.007 |
4 | 476085 | 0.006 |
1 | 300000 | 0.005 |
2 | 750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2912976 | 5 |
0.010 | 390909 | 2 |
0.011 | 2112997 | 5 |
0.012 | 1229558 | 2 |
0.013 | 1433804 | 2 |
Last trade - 10.31am 26/07/2024 (20 minute delay) ? |
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