Prospects going forward, page-5

Good luck with the house, we just built retire home this year. Spent 4 months PM the landscaping. Glad to be 98% done. A few little item to add but nothing urgent now.

"I don't know about taking plant at book value however. Or any fixed assets/PPE at book value - as they say , if you need to firesale or get out of fixed equipment and assets in a hurry, you typically see far different results compared to 'book value'."

I did mention this for couple reasons, Firstly RDG have realised actual sales of equipment for over book as they weren't in a rush. If they do entirely change direction, and don't need the further circa $9m, then that could also be sold in orderly manner over a year or 2.
In most cases I would have discounted it 50% but not from what they have stated in recent reports.

"You mentioned cup and handle at 4.1c - what would your TA assess the upside price target would be from there based off that?"

It's very early days for me to call this yet, but have a look at our calls on CYP perfect C&H, uptrend into 75c. then breakout at 75c again once "handle" went on

So if right side of cup forms up around 4.1c. I'd get 4.1 - 2.5c = 1.6/2 (.8c) + 4.1, so target 4.9c. A bag for those buying recently.

The 2 main drivers will be, likely future pricing for new housing work and if they can still maintain some mining work. It wouldn't be hard to see a re-rate from here.

The cheery on top would be a CFP acquisition for say $7-8m of the cash.

Only got 200k so far, so no biggie. I like this and DSB for junior end exposure with some cheap numbers.