LOL, based on what inputs mate? This "FA output" you've provide is absolutely useless. By simply dividing your highest market cap by highest share price, I can see that you've assumed that there will be zero shareholder dilution at all. How do you reconcile that assumption with AGY's recent resolution proposing the ability to conduct an additional 10% share placement? That's a giant red flag that they're about to raise 15-25% additional capital within the next 12 months. In their own announcement they provided modelling with a potential to have over 3b total shares on issue, which is more than double what you've assumed.
Your assumption that ~A$500m CAPEX will be funded out of thin air is deeply flawed, but it's about what I've come to expect from you @Rotane.
AGY Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
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