I skimmed the report on Friday. We are a good compliment in that I am in Finance and you know mining. I will formally run the model and post a summary to show how I would value it. It is not much higher than the current price, but it is an option over a higher spot.
The most important observation from my scan was that they are (if my scan was right) 20mil or so cash positive at 42 over 12 months.
every $1 on the spot is 5.6mil onto that cash build.
regretably not enough to repay their debt, but enough to renegotiate the debt duration and wait for the spot to rise enough to repay.
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Last
$7.76 |
Change
-0.410(5.02%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.16 | $7.76 | $21.74M | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11386 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 1272 | 1 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
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