My advice, for what it is worth is to ignore the trading on the ASX.
If your intention is to sell on market, then of course it is relevant to you but for me the on market price is irrelevant.
What is the defined resource worth? Are the traders on-market making that valuation right now?
I think not.
Marben discussed earlier what other resources in the area had been sold for in the recent past.
My guess is that US$2 Billion is quite achieveable so do your calculations what that means in Aus$ and then divide into 212 million shares.
Now how does that figure compare to what the traders are valuing the company at right now?
I think you will find they are out by a factor of 10 at least.
wet response, page-4
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $70.30K | 7.942M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 7726856 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2021924 | 5 |
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| Last trade - 14.02pm 16/08/2024 (20 minute delay) ? |
| EXT (ASX) Chart |