Hi StarPlus
The number 642M for shares on a fully diluted basis comes from Corporate presentation November 2018 Shares on issue 455M + Convertible preference shares 93.4M + Management performance options 93,4M.
The value I give AIS, as currently more like 30 cents, does not include Torrens. It is based solely on the cash flow and profit the NSW mines are delivering. At this point in time AIS is making about 2 cents/share profit [24,500t/y x $600 margin/t based on AISC = $15M ÷ 642M shares = $0.023]. Average P/E for the mining sector = 13 to 16 x's so by those numbers fair value for AIS is currently ~ 30 cents. [Current debt is $40M and current cash is $21M]
At this point in time Torrens can not be considered an asset. As an exploration play it is currently an expense.
Ann: Torrens Drilling Commences, page-53
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $193.5M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $213.4K | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24856 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 106134 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AIS (ASX) Chart |
