MNS one of the most undervalued stocks on the ASX, page-18

First 18 Last

Share
Profile

Follow
anf0

1,595 Posts.

100

07/10/18

01:20

Post #: 36025321
Share

Originally posted by Kn_ght ↑

MNS previously advised they would progress the project, I'm highlighting potential of just one small part the business in light of your previous statement in which you stated in your opinion MNS was overvalued. (see Post #:36017547)

You previous statement advising that you would be less bearish at a valuation of $50 to $70m in my opinion is simply unlikely to happen. Sure its possible if there was another GFC but in my opinion apart from another GFC I just don't see your valuation happening.

No doubt discussions are ongoing in the background re financing which we are not privy to (whether that be with banks or an investor to provide funding in return for a % of the project or even possibly converting the entire project to cash is yet to be seen) as MNS have stated in the past they are still committed to the project.

At the end of the day it is great to have options , I 've highlighted that NPV on that project was equivalent to $2.39b AUD after development costs have been recovered on just 5% of the site with possible upsidewhich is not even the focus of the business moving forward.

Show me your proof that the project will never be completed, or never be sold / converted into cash? You can't because at the end of the day it just your opinion.

K

Expand

That makes no sense. My proof is this:

Magnis says it’s worth $1.6bn. No independent third party has substantiated this through meaningful action/dealmaking. I’m sure any logical person would agree that there has been very little progress on the Nachu front that indicates otherwise.

My house will sell for $2bn. Prove to me that it won’t. Do you see the problem with your point?

MNS Price at posting: 33.5¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

There are more pages in this discussion • 10 more messages in this thread...

First 18 Last

Add MNS (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $50.37M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

MNS (ASX) Chart

Day chart unavailable

MNS one of the most undervalued stocks on the ASX, page-18

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher