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
4.4¢ |
Change
-0.001(1.12%) |
Mkt cap ! $26.30M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.4¢ | $1.091K | 24.80K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 72901 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.5¢ | 153928 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 72901 | 0.043 |
3 | 38245 | 0.042 |
2 | 51726 | 0.040 |
4 | 251667 | 0.039 |
3 | 427755 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 153928 | 3 |
0.047 | 33532 | 2 |
0.048 | 97499 | 2 |
0.049 | 408136 | 2 |
0.050 | 291998 | 5 |
Last trade - 15.31pm 10/05/2024 (20 minute delay) ? |
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Last
4.4¢ |
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Change
-0.001 ( 2.33 %) |
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Open | High | Low | Volume | ||
4.4¢ | 4.4¢ | 4.4¢ | 37702 | ||
Last updated 11.13am 10/05/2024 ? |
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