Thats right, ONI has been revalued based on its current ramp up profile. This wasnt true when the initial deal was done. Per previous updates NIC now expects to produce over 100ktpa as opposed to 78ktpa.
The cost profile has also improved as ONI operates from its own power plant and has been designed to accommodate its own matte converter so the assets worth has increased. The science behind why it has gone from $53M to $75M is a little hazy to me but the proof will be in the pudding post DD and ramp up.
There is a lot to consider in this latest deal and the detail isn't really there. Eg purchase of the 10% options..exactly what is the valuation methodology behind it.
We'll just have to wait and see.
Ann: Successful completion of Institutional Placement, page-7
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
79.5¢ |
Change
0.010(1.27%) |
Mkt cap ! $3.407B | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 80.5¢ | 78.0¢ | $6.055M | 7.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 75842 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 15088 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |