Oh yes you can.
Lets compare FMG & POS.
FMG started construction of its mines & rail with $9B in yankee bond debt, $5M cash at bank, and a Mcap of $20M, the SP went ballistic doing a 200 bagger initially before the current SOI consol which INCREASED SOI from 30OM to 3.3B. It also had no mines or production at start & still has no processing plants.
POS is DEBT FREE, has 2 processing plants with 3.7MTpa capacity & $15M cash at bank & no yankee CN debt overhang. POS has NO yankee debt hanging over it like FMG did which twice almost got it into default but now its a FCF machine with no net debt & $5B cash at bank.
POS pre production is in a massively way better financial position than FMG was at 10c, FMG went on to run to $13 & made AF his $20B fortune he has today.
now AF gets 1,800Mpa in f/f divys from FMG & has the financial capacity to turn POS as major holder into a Ni production powerhouse way larger than WSA MCR PAN combined & finally take on BHP at its own production monopoly in Nickel.
figure out that valuation for such production potential.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $5.396K | 1.348M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
109 | 75521207 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 196166 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
109 | 75521207 | 0.003 |
37 | 64635436 | 0.002 |
21 | 84292753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 196166 | 4 |
0.005 | 25783318 | 24 |
0.006 | 13069000 | 12 |
0.007 | 13318277 | 10 |
0.008 | 2300000 | 2 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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POS (ASX) Chart |