Pinned straw:
All I'm going to say is that there is something not quite right here
Now trading at market cap of 200m but still below the NPV.
Sometimes you can't use NPV or NTA as a guide for future returns - especially when it is a mining company that always seem to trade at deep discounts and are always price-takers.
Especially when it is an out of favour metal such as bauxite
But I do remember doing something like this before with Red5 and totally missed an opportunity.
An opportunity sitting in plain sight, or one to avoid?
I know nothing of the company as your post is the first I am knowing of their existence so can't comment on much but it did pique my interest as to the directors and if they have been active in accumulating shares. If there was to be a major disconnect between the price and value you would think they would be quite aggressive buyers as they are the ones in the know but there has been for the most part nothing going on years now outside of remuneration in their package being directors. In fact I'd suggest the directors have very little skin in the game for the most part
