GREY:RNKLF - Post by User
Post by
MarineJumperon Dec 21, 2019 8:34am
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Post# 30479381
Per Red Cloud...Q1 catalysts reiterated
Per Red Cloud...Q1 catalysts reiterated Valuation:
Discounted valuation does not reflect the pending good news. Our fair value estimate of C$0.90/sh (unchanged) is based on 6.0x our one- year forward, NTM EBITDA estimate of C$93.5M (was C$94.3M). RNC is trading at 3.7x 2020E EBITDA and 0.45x NAV, versus peers at 5.8x and 0.92x, respectively. Upcoming catalysts: 1) Q4 2019 operating and financial results (Q1/20), 2) Maiden Beta Hunt reserves (Q4/19), 3) 2020 guidance (Q1/20 and 4) Higginsville resource update (H1/20).
How can the shorts take this pressure? lol