RE: Maiden JORC12 Aug 2018 15:08
Quote from that Align Research piece just posted (stick this in your pipe and smoke it WO):
To conclude, we continue to believe that the current stock price of ALBA provides material opportunity on numerous fronts – the disjoint with their quoted peers re the Horse Hill oil project, the opportunity as laid out here re relative valuations with JAY and also the other mining assets within ALBA’s portfolio that are, based on a simple SOTP valuation, presently valued at de facto nil in the current market cap.
We remain resolute holders of ALBA and look forward to the modest re-rating that has occurred in recent months to build apace as we move through the autumn.