IAU is the best company is All Ords (I'm confused as to why they are throwing it out of the index) with a number of catalyst that will surely unlock its significant upside in the near future. It's complete bad luck that it has fallen 58% over the past 6 months....is this better? Does this get you excited about averaging down some more?
My valuation is obviously subjective. However, my assumptions are based off company announcements or historical data. One of my assumptions is even confirmed by you "They are spending $4million on Kitumba FS in the first half of 2015" my estimate was A$5-10m p.a. Im sure they will find at least another A$1m of spending for the remaining 6 months. As for Admin expenses, check the IAU quarterly. They managed to spend US$11,938,000 in 2014 essentially managing a cash box...why would it change now that they have something to "manage".
IAU is the best company is All Ords (I'm confused as to why they...
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $236.9M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 41.5¢ | $263.6K | 626.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 122421 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 16018 | 3 |
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| A1M (ASX) Chart |