...why is been such a dog?
Our my back of a beer mat numbers it has A$100m market cap, with $55m or so of net cash! This values the Peruvian Iron Ore and Berau Coal asset in Indonesia at $45m, when the real NPV I reckon is 400-500m!! And that's before spot prices ramp up which the recent move in the BDIY is telling us is imminent.
Also look at the shareholder base. The Russians have 20%, management 20%, and activist investors like Eye have at least another 10-15% combined. This is going to get squeezy. I doubt they are there to justify an annual trip to WA, I suspect because the iron ore asset is massive. This thing looks very, very cheap!
Does anyone have a view?!?!!?
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3.2¢ |
Change
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Mkt cap ! $9.931M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.2¢ | $789 | 24.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14312 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 25330 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12987 | 0.077 |
1 | 50000 | 0.075 |
1 | 250000 | 0.072 |
1 | 100000 | 0.071 |
1 | 50000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 19545 | 1 |
0.083 | 1300 | 1 |
0.084 | 90000 | 1 |
0.086 | 47000 | 1 |
0.088 | 10000 | 1 |
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