Think about a 30% project partner.
Putting aside how you price that, selling 30% of project also means BKT only needs 70% of CAPEX, USD158m. if you can maintain USD110m from the banks, BKT short of CAPEX share is USD48m or ~ AUD70m.
AUD70m for 30% of project implies a $233m Market Cap or 18c share price. Importantly it's valuing it a 10% of NPV.....I think once the debt is confirmed, it's game on for SP.
that's the ultimate outcome as you don't need POSCO and as no ECM dilution, value per share ($ of NPV per share) is superior than issuing 50% equity funding of entire project.
BKT, page-1035
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Last
5.8¢ |
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Mkt cap ! $72.57M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.8¢ | $2.287K | 39.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 182439 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 180123 | 2 |
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| Last trade - 10.38am 14/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
0.000 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.6¢ | 44943 | ||
| Last updated 11.56am 14/06/2024 ? | |||||
| BKT (ASX) Chart |