If you work the numbers roughly around the current AZS offer, bearing in mind their deposit is a monster so working on ours being for the sake of argument and numbers 2 thirds then I see the number working around to here.
60% AZS ownership of Andover the take over offer is around $1.6 billion of $2.7 Billion for the 100% ownership.
so, WC8 being a $1 billion company at $1.04 not including options as they weren’t added to the AZS valuation.
back of the envelope calculation comes at around $1.78 would be a fair offer after some more drilling results to sure up the size depth and grade of the deposit.
If I was MinRes …, page-22
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $398.1M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 32.0¢ | $1.093M | 3.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 54567 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 25887 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |