Allowing for the A$500 million approximate debt of OMH, probably to date as OMH must still be paying down this debt, it would lead to a different analysis of the price relationship between WEC and OMH.
With JMS valuation at 2 billion shares at A$1.50 it is indeed A$6 billion for Tshipi. The iron ore assets and other income generation is not that significant at present.
On JMS valuation at 60c, with no debt and fully diluted = A$1.2 billion.
OMH with 770 million shares, with A$500m debt and a further 5% in options and warrants, creates a different picture. A valuation at A$1.25 = A$962.5 million.
So a valuation of JMS at 60c and A$1.2 billion means taking off the A$500m debts which makes it A$700m and allowing for OMH dilution is A$665m. That is purely comparing OMH with JMS.
We know that JMS is mainly a Manganese asset and OMH has Manganese and other Ferro interests. It is a matter of opinion as to whether JMS should IPO well above its A$0.44 buyback price due to be paid on 19th March.
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $627.2M |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 31.0¢ | $1.899M | 5.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 63292 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 154013 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 63292 | 0.315 |
3 | 139200 | 0.310 |
4 | 55018 | 0.305 |
5 | 121391 | 0.300 |
1 | 80000 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 154013 | 2 |
0.330 | 540910 | 11 |
0.335 | 625000 | 4 |
0.340 | 1328222 | 7 |
0.345 | 30000 | 1 |
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