...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?!?!!?
...why is been such a dog?Our my back of a beer mat numbers it...
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
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| Last trade - 08.15am 30/09/2024 (20 minute delay) ? |
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