I agree with you Meister that ultimately FA should be the basis of one's investment decisions, I always look at TA as a complementary tool to see where we are in the cycle and to give me further clues of upside/downside potential.
Assuming MB has got this story right - and I believe he has; and assuming he executes the way he should - which I believe he will; then GEV is ridiculolusly cheap at current prices.
Another deal or two and ABS approval should see this share price comfortably through the $1 level. Prior to that occuring, we will already have offshore institutional support. And given where LNG was at its evolution and where GEV is today, I think it's safe to conclude that GEV has a tighter register and a story requiring much less capex and that is unaffected by the natural gas price. Consequently, a market cap of $1bn+ this year would not surprise.
Now even given an additional placement or two, you tell me where the share price will be if that occurs.
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $16.18M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.7¢ | $6.552K | 237.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 215835 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 30000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 215835 | 0.027 |
5 | 346280 | 0.026 |
10 | 797008 | 0.025 |
3 | 277040 | 0.024 |
1 | 21640 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 30000 | 2 |
0.030 | 10000 | 1 |
0.032 | 218000 | 2 |
0.033 | 8820 | 1 |
0.034 | 206500 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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PV1 (ASX) Chart |