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clock Created with Sketch. 18/08/20
14:48
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Originally posted by 2ic:
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Mid to low 30's looks a much fairer price at this point. Unfortunately SFX is still a binary gamble atm, though one with a much better chance of success than failure. Failure should FIRB knock back YS, or even YS change their terms or mind, then if the deal falls through SFX are back in the 10c doghouse with a bullet. Success with FIRB and finalising a binding deal looks highly likely, YS look very keen with a $13M placement, will see the price up around 60c imo. 30c made sense back when the binary outcome hinged on finding and signing up a funding partner, looks too cheap today that we have found one.
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If I read it correctly, YGH is paying 130 mil for 50% of the stake in the Thunderbird project and 13 mil for 9.9% of the shares. 13 mil is not a small amount if YGH isn't confident with their deal. The only thing that worries me is the next financial crisis that is about to unfold.
(20min delay)