Ann: $71.3 million Offer from Quasar for ACE's Four Mile Interest, page-195

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eshmun

12,261 Posts.

3833

04/07/15

13:17

Post #: 15580657
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Originally posted by eshmun ↑

I'd have to hunt down a calculation I made concerning the value of the discounted cash flow from the company's own projected diluted revenues from the project (which I'll try and find for you).

So far Quasar's offers are not falling out of the range set by these discounted cash flows and why would they unless AGS can show that it has the financial capacity to stay in the joint venture. Quasar run a business not a charity, so as such they won't pay more than they expect AGS is able to achieve through their own efforts and merits.

A lot of people on these AGS threads believe there will be offers from third parties over 4 mile if AGS win the sales rights back. Personally I only think that this will be likely if they also restore their 25% interest in the project and the price of uranium starts rising rapidly. The likelihood of these events happening is extremely uncertain and the company hasn't even disclosed if it is seeking the return of its 25% as part of the claim in the court.

Eshmun

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370830,

I found that post for you. On the 14th of May I'd calculated the discounted cash flows at between $69.37 million and $78.95 million. What is the current offer? Lower end of the range it seems....and will AGS have any tax obligation from the sale of ACE/4 mile that might reduce the net figure to AGS? Does anyone know the answer to this.

http://hotcopper.com.au/threads/directions-hearing.2508744/page-367?post_id=15283251#.VZdM4SwVjIU

Eshmun

AGS Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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