I got into VML for the gold play so I haven't looked into Watershed in a huge amount of detail. The NPV numbers you quoted are pretty low so even at double, I'd be surprised if we get close to $15m.
If the Watershed CAPEX is ~$105m and TGN want to finance it with a debt component, they'd probably seek 70:30 debt/equity ratio so they'd need $31m equity to secure the debt. That's just a typical structure so I can't be sure. Perhaps they can secure a better ratio or access more equity? But if that's the case and they've just raised $20m and have $10m in the bank, it doesn't leave much for the cash acquisition of Watershed.
Will be interesting to see the outcome.
Ann: Trading Halt, page-48
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.12K | 559.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 107 | 113688656 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 43961086 | 52 |
View Market Depth
| Last trade - 10.11am 07/10/2024 (20 minute delay) ? |
| VML (ASX) Chart |