Sunrise Project funding is driving some challenging scenarios for Clean TeQ such as share consolidation and Water division demerger proposals.
I suspect feedback from Macquarie Capital’s billion dollar global funding safari is that project financiers see Clean TeQ as a complicated business to get their head around.
I can imagine the Macquarie Capital Investment Banker and New Financier meetings going like;
- Macquarie Capital: "We wish to raise $2 billion dollars for Clean TeQ, a small ASX listed company involved in various activities from Exploration (Sunrise Platinum, Minore Project - Au/Cu), Mining (Ni, Co, Sc, PGM), Refining (Nickel Sulphate, Cobalt Sulphate, Scandium Oxide, Amsul, Battery Recycling) and Water Treatment Technology (CIF, DESALX, BIOCLENS, EVAPX, HIROX, BIONEX, GO-Membrane NematiQ JV)."
- New Financier: “This Aussie company does WHAT?” “What am I investing in, is it a mining company, a water company, technology company, battery business, gold miner, PGM miner. STOP, you are confusing me.” “What is the value of the water business? “So where is my money going? 100% Sunrise Project or into the Water business? How do I know my money will only be used in the development of the Sunrise Project?
- Possible Macquarie Capital to CLQ feedback: 1/ Investors only want to invest in Sunrise, not the water business, and 2/ Simplify the Clean TeQ portfolio with demerger of Water business!!!!
As with business Mergers and Acquisitions, the new owners of a business sell off the non-core business activities for a nice profit to help subsidies their initial M&A purchase costs. Could a Water Business IPO help fund Sunrise Project future debt requirements, simplify the business, better focus management & technical team while return money to shareholders.
- Forums
- ASX - By Stock
- SRL
- Consolidation
Consolidation, page-7
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRL (ASX) to my watchlist
|
|||||
Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.99M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 39.0¢ | $5.695K | 14.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6127 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 2909 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1127 | 0.390 |
1 | 9758 | 0.385 |
2 | 27631 | 0.380 |
2 | 20943 | 0.370 |
2 | 14000 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 2909 | 1 |
0.415 | 9879 | 1 |
0.420 | 1250 | 1 |
0.425 | 20000 | 1 |
0.430 | 20000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
SRL (ASX) Chart |