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.
I rechecked my model and still come up with 31-33c as a solid...
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Last
34.0¢ |
Change
-0.015(4.23%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 33.8¢ | $10.69M | 30.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 3104406 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 1109548 | 38 |
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| Last trade - 15.56pm 12/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |