jctl,
I approach it another way, using the current market valuation of 8.2c and working backwards, came up with a more conservative figure for non TO and a TO situation.
Of course, if we do PE, then your model will be the way to go. But unfortunately ATM, the market price is 8.2c. But I think i'll accept 40c.
Column 1 0 Currently before PE and SNE alone 1 2 15% of 640 mil (2C)=96 mil B 3 Recovery @ 17% currently 4 SP 8.2c 5 6 If Recovery is 40% 7 SP should be (40/17)*8.2 8 19.2c 9 10 If the reserve upgrade gets to CN's prediction of 1 Bil 11 Then we should be looking at a SP of (1000/640)*19.2 12 30.1c 13 14 This is just SNE alone. 15 We now have A2 A5 and possible DJ and the rest as in Kenya etc. 16 Just A2 and A5 is well worth a normal TO premium of 30% 17 18 So, PC, for being such a nice guy, 40c now before the rest of the world gets to hear it. You better hurry, cause if you don’t we might decide to take your 35% off you at 2.20/B and you’ll be worse off. 19 20 Oh, save cost and time, there is no need for due diligence, as you are already familiar with those figures.
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jctl, I approach it another way, using the current market...
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Last
43.5¢ |
Change
-0.025(5.43%) |
Mkt cap ! $40.19M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 43.5¢ | $466.4K | 1.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 48023 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 12465 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 48023 | 0.435 |
2 | 31704 | 0.430 |
1 | 50000 | 0.425 |
1 | 33894 | 0.410 |
2 | 150000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 48982 | 2 |
0.460 | 25000 | 1 |
0.465 | 115925 | 8 |
0.470 | 63931 | 4 |
0.475 | 13000 | 1 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
45.0¢ |
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Change
-0.025 ( 2.17 %) |
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Open | High | Low | Volume | ||
46.0¢ | 46.0¢ | 44.0¢ | 269859 | ||
Last updated 15.59pm 06/06/2024 ? |
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