Ascendant Resources on RCKS Talk

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RCKS Talk commented on Ascendant Resources Inc. (TSXV:ASND) latest news: its Q1 operating results from the El Mochito mine.

As quoted in the article:

Executing on operational improvements should deliver a re-rating. Should the company execute on the planned operational improvements it should see a significant re-rating. Based on peer multiples, the planned run-rate at guided costs would imply a 50-100% higher enterprise value than the company currently has. This re-rating is likely to be progressive over the year and will depend on the company’s ability to deliver on the provided guidance. Q2 operating results (expected in early July) will be our next look at the company’s progress.

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