At the current SP (Mkt Cap c. $700m), the EV of the company is only $400m as there is $300m Cash sitting on the balance sheet & no debt.
With an EV of $400m, given the resource base & production rates, this IMO is a sitting duck for a takeover. (Let's not forget last FY, they had a pre-tax profit of c. $250m)
Just like MRE (Minara), I wouldn't be surprised if the major shareholder(s) made a play for full control at these levels...
Gee... if I could fund the T/O, I would have a crack myself!
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At the current SP (Mkt Cap c. $700m), the EV of the company is...
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.3¢ | $395.4K | 1.080M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 193636 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 193636 | 0.365 |
12 | 251765 | 0.360 |
5 | 151500 | 0.355 |
7 | 172123 | 0.350 |
3 | 65799 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 25000 | 1 |
0.375 | 101000 | 4 |
0.380 | 148000 | 6 |
0.385 | 53888 | 2 |
0.390 | 166981 | 5 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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