Quite simply - I don't believe the market had priced in the value of any Yellow Cat project in the overall MC prior to the Li price collapse.Therefore this is now value-accretive IMHO. The market may have been aware of the asset but IMHO, it wasn't reflected in the market cap. And I might add here, the retail market has an unhealthy percentage of lazy "investors" who are reliant on HC for their DD. I don't offer financial advice in my ramblings.
I simply believe ASN has been oversold and no value has been attributed to a potential Yellow Cat project. Global X URA ETF seems to believe it's worth having 59m or so shares in it's basket. That, to me at least, validates the thesis.
Yellowcat/Uranium/Vanadium/Nuclear “fireside chat” !, page-59
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $167.7M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $137.5K | 1.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 162999 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 619258 | 14 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
0.000 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.5¢ | 12.8¢ | 640677 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| ASN (ASX) Chart |