I thought I was smart to buy after CR when it was at mid $4.0 (with 12% discount at CR price) but the drop doesn't seems encouraging and I'm on -ve with VUL. I'll wait and watch to make a decision if I should average down and I will wait until Friday to make that decision. The directors are not buying neither they have sold (as their paid price as remuneration as shares were $7.14). VUL valuation at current MC of $608M (164,835,301 share on issue @$3.70) seems to be significantly undervalued considering it has A$270M cash in hand and its one geothermal plant is already. The geothermal production (including future projects) alone should cover this MC without any Lithium extraction and recent CR ($106M) at $5.10 must be ensured with a business plan, otherwise institutional investors must be grinding their teeth.
I believe the the drop should be fading soon with US debt credit saga will closed its door by tonight, but yes the debt financing for the VUL is critical to ensure the NPV of >$3B and annual revenue of eyewatering $700M will be materialised (all subjected to financing in current market condition
VUL megathread, page-6058
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Last
$4.89 |
Change
0.540(12.4%) |
Mkt cap ! $920.2M | |||
| Open | High | Low | Value | Volume |
| $4.53 | $4.89 | $4.53 | $5.547M | 1.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1155 | $4.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 4307 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |