ABX

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5.0¢ abx group limited

Spinnaker,like your posts and one suspects that if they(those...

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asculpeous

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21/03/22

07:20

Post #: 60308108
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Originally posted by Spinnaker: ↑

LP, I would be interested in your thoughts after the best week in ABX trading history. Have you taken the opportunity to trade out or are you going to stick with us and ride this baby up to $1? I would also be interested in your (or anyone else's) critique of my post above. I appreciate the 10 upvotes but not one poster offered their views on Alcore's future. I love the rare earths story as well but I think Alcore will be even better. If no one thinks I'm being overly optimistic, does Alcore really deserve a valuation of Nil before the pilot plant is finalised in the next month or two? If the pilot plant is successful, what is a realistic valuation for Alcore at that time, as opposed to its valuation after it starts production in a year or two's time?

I sometimes compare Alcore to Hazer Group (HZR) who is on the cutting edge of hydrogen tech, but is encountering some issues finishing their commercial demonstration project. Hazer is valued at $150m for that one project. ABX is now valued at $40m (at 18c) and has 3 projects. It is not clear that the hydrogen market is going to be viable and able to compete with solar+batteries. There is clearly an established market for ABX's 3 projects - bauxite, rare earths and aluminium fluoride. And yet HZR is worth almost 4 times ABX. They are a bit further along than Alcore, but Alcore will largely close that gap in a month or two with the completion of its pilot plant, as they will not need to build a commercial demonstration plant. The next step for both companies after finishing their current plant is a production plant. I can't explain the difference in valuation and continue to believe the only explanation is that ABX continues to be massively undervalued.

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Spinnaker,like your posts and one suspects that if they(those giving you likes) agree with you they are still trying to accumulate. Get the drift?
Some of us think that this is so good we are prepared to risk getting friends in.......

ABX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.001(2.04%)		Mkt cap ! $12.50M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$18.79K	375.8K

Buyers (Bids)

No.	Vol.	Price($)
1	21522	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	553094	4

View Market Depth

No.	Vol.	Price($)
1	21522	0.046
1	10000	0.044
1	24385	0.041
2	37500	0.040
2	43332	0.030

Price($)	Vol.	No.
0.050	553094	4
0.051	59627	2
0.052	23388	2
0.054	200000	1
0.056	82700	1

Last trade - 16.10pm 21/06/2024 (20 minute delay)

ABX (ASX) Chart

Spinnaker,like your posts and one suspects that if they(those...

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Spinnaker,like your posts and one suspects that if they(those...

Top Stories

Strike Energy secures $153 million for Perth Basin gas projects

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If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

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With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

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Sellers (Offers)

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