I think with the merger of equals behind A40, the one-off efficiency improvement cost behind A40 and growing production now ahead the company has finally found its floor.
Personally, i think anything sub 30c is compelling value, and with a benign macro environment we very well could see 40c in 4-8 weeks. Just a thought. After that? Some analysis on the new production rates and costs is required, but i still think there's a lot more in it.
Gamble responsibly (i stole that).
A40 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held