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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31.5¢ |
Change
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Mkt cap ! $617.4M |
Open | High | Low | Value | Volume |
31.0¢ | 31.8¢ | 30.0¢ | $942.4K | 3.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 219760 | 2 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.305 |
5 | 185307 | 0.300 |
2 | 180000 | 0.295 |
5 | 133690 | 0.290 |
7 | 343450 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 158408 | 1 |
0.320 | 364584 | 6 |
0.325 | 172779 | 4 |
0.330 | 191005 | 9 |
0.335 | 585190 | 3 |
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