I rechecked my model and still come up with 31-33c as a solid base value.
3 new facts will now be playing out
- continued selldown by Mathews who are no longer the top shareholder; recent ann. showed they had sold a further 19m after their recent change notice and continues a change of heart after being on board 7 years.
-regional rebel activity which will most likely see broker recommendations change
- larger resource will extend life and while it doesn't have great effect on NPV it may encourage those investors with longer time frames in mind.
For the benefit of new comers I have prepared a long post( 6 page google doc):
https://docs.google.com/document/d/11l7pS_GyI-iiif3f_78QEbeOUtvt9WKfe0SFfiS8oEM/edit?hl=en_GB
good luck.
updated valuation still low 30s. new notes
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |