Share
6,035 Posts.
lightbulb Created with Sketch. 111
clock Created with Sketch.
23/04/18
21:32
Share
Originally posted by asb83
↑
I value Mt C at $2 and SDV/JB combined at $0.50, which gives a $2.50 valuation. I'm probably being generous valuing SDV and JB at $200m given the largest lithium reserve in the world (AVZ) only has a MC of twice that. I'm also inclined to give a governance discount given that the Board/Executives are starting to be found wanting and their ability to execute the next phase of the business is dicey.
It's also hilarious people on here saying the share price is being manipulated. It's still generously valued even at today's closing price. Would they prefer the share price to be $4 before the quarterly and then drop 20-30% in a day? Short sellers provide equilibrium to the market. With or without them, the share price would still be around where it is after today's sub-par report.
Expand
You value them at that whilst Galaxy sit on AU$130 million and continue to generate revenue and profit daily?
Meanwhile they have carried forward losses to minimise forward tax obligations?
Then you compare Galaxy to a company that has become a laughing stock of the ASX?
Please continue, I need a laugh whilst I wait for the next AVZ trading halt.
You do know that AVZ retracted all that you had to say this evening.
Meanwhile we sit on a pile of cash biding our time with two world class RECOGNISED resources.
How the F did you come to compare these two companies?