George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
And of course you can if you take into account shares issued.
Just take the pre pandemic price and divide by 0.4 or multiple the current share price price by 2.5 will give you the approximate answer. Vs pre issue price.
Not really relevant to how I do things Zag, only number of shares now vs what I think the company should/could be worth.
It will more than likely massively over shoot a sensible valuation due to investors actions short term, like last time.
It got to .65p with no money to do anything and no method of extraction.
I think proven method of extraction and or JV announcements are worth a lot more then last times jumps.
But what do i know.... DYOR... as they say.
ZagE well few years back it hit .65p just on agreeing the dispute with GSPC... So if they get good flow readings and /or enthusiastic valuation from the JV 1p is possible on run up on the day.
But what do I know... See you in the millionaire's pension pot club :P
No I think they is a global issue around travel stocks.
The B/S is less 1/3 the value it was pre pandemic there is a lot more shares in issue so the NAV per share is a lot less then that . Fuel prices are rising, then there is the bad press people get for even flying these days.
Against this, they charging much more for flights and still filling them to the brim, all while buying more aircraft to increase capacity and improve fuel efficiency.
It is taking longer to rebuild confidence, in travel stocks in particular it seems for mostly the above reasons.
What do you think the Directors should be doing differently other then what they are?
I be about £120k better off now if I had stuck with RR not selling up in mid 180's to go large in IAG.
I am confident this will come back on the Q3 earning, but still very annoying in the meantime.
All the fundamentals in IAG are going very well, this should be at similar level as RR right now.
Https://www.thetimes.co.uk/article/iag-is-one-to-put-in-the-hold-as-the-fog-lifts-37jm7gxgz
Interesting take on it.
Any one have the NAV per share and EPS pre pandemic vs now?