Guys, you really are in need of a 101 on company valuation. Some basics: if MtK converts 225m USD debt into new shares this means that the new shares are bought at a price of 10cts and the new share price will be a mix between current share price and 10cts and is based on the following formula: number of total shares after conversion divided by (current market cap (ca. 160m AUD plus value of debt AUD 290m=450m AUD). This would result in a share price of slightly below 8cts. However, given the cash-flow impact from the disappearing 5m of interest service p.a. this would greatly enhance the ability of the company to refine their operations further and hence I assumed that a fair share price would be around the 10cts paid by MtK.
Equity conversion, page-25
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$6.92 |
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Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5820 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 15020 | 3 |
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