re: apg...it is only going to get bettery uphilhar
For those who can't be bothered doing the sums, here's what ILU will pay for the new issue 10.1% IF, and don't forget that's IF the deal goes ahead.
377,855,934 APG Shares currently on issue
@ 8c each = $30,228,474 Company Value
10.1% = 38,163,449 new shares to be issued to ILU at 30% premium to market price;
38,163,449 To Iluka @ (5c) 6.5c = $2,480,624 38,163,449 To Iluka @ (8c) 10.4c = $3,968,998 38,163,449 To Iluka @ (10c) 13.0c = $4,961,248 38,163,449 To Iluka @ (12c) 15.6c = $5,953,498 38,163,449 To Iluka @ (15c) 19.5c = $7,441,872 38,163,449 To Iluka @ (20c) 26.0c = $9,922,496
I have no idea how much it costs to set up a processing plant, but I'd guess upwards of 2.5 mil should be a good enough deposit to keep the banks happy ?
Fingers crossed it actually happens this time ;-)
(Please don't hesitate to let me know if my sums are wong)
It must be stressed APG will only get this money IF the deal goes ahead !
APG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held