Did anyone actually read the 96 pages of the last announcement and in particular the Independent Experts Report - Valuations. IMO the SP is currently undervalued and we are experiencing a rerating. From what I can gather from their valuation calculations(pg 86) at worst the SP should be a 8c and at best 18c. Rational –See Table 7.1 Final Recommended Valuation of Low - $49.6M / 613,382,629 listed shares, Options and unlisted performance rights =$ 0.08 per share High - $113.1M / 613,382,629 listed shares, Options and unlisted performance rights =$ 0.18 per share But I’m not expert , nor do I have any professional qualifications in this area - so DYOR and make your own call. My personal opinion is both these still undervalue what the company is actually sitting on. I’m a little annoyed I didn’t pick some more up at the 5.5c levels (about my average) Other items that wouldn’t hurt this year, a DSO find, Firm up the export strategy and a solid off take agreement. Generally I think the management are doing a good job and I’m happy to watch, wait and see my investment grow.
SHD Price at posting:
7.7¢ Sentiment: LT Buy Disclosure: Held