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Ann: Merger Update - Scheme Booklet registered with ASIC, page-19

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Names little

17,842 Posts.

1250

21/08/18

11:51

Post #: 35060168
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Originally posted by charlesn ↑

That valuation is not based on the economics of the project.
If you read the report, it is based on the SP range prior to the merger announcement, with a reduction factor applied to the fact that the controlling interest is lost in the merged entity ... a minority interest being valued at less than a controlling interest in these valuations.

But you need to consider that this is a SP valuation, based on SP, not a detailed analysis of feasibility, or forecast revenue and expenses, so it's very superficial.

"Undervalued" is you panicking, so calm down and read the detail.
Cannacord has us valued at 0.58, based on the economics.
This valuation is purely to work out whether 1.1 AMAL shares is good value for 1 TAW share or not. Their conclusion is Yes, that's all that should be taken from it

And seeing as AMAL is trading at 0.32, that gives us an equivalent value of .352 currently.
View attachment 1249610

An AMAL SP back at .33 gives us .363, and at .34 gives us.374.
AMAL has dropped 2c in the recent Li dive.... "Ooooh, better get out fast"

If you want to be part of this project going forward, buckle up and cope with what the stock market dishes out,
We were at 40c 2 weeks ago when we released Quarterlies. The fact that it has down turned since is likely because of people like you panicking with claims "the sky is falling".

This aint AVZ ... We have a mine, money, offtakes, ambitious expansion plans, a massive untapped resource, a man at the helm who knows more about Pegmatites than all the other Li latecomers.
We are soon to be cashflow positive, so stop clogging up the forums with your stupid questions and uncontrolled emotion.
In fact why don't you buy AVZ instead as their forum seems to attract all the emotion BS

Expand

Hi Charles, thanks for that, it's good to get an explaination of the valuation.

Do you think my "stupid" questions are causing the SP to drop, I didn't realise little old me had such influence, seems its others that are getting emotional though with the personal attacks don't you think?

Yes that differential between TAW and AMAL SP currently is interesting, where are the arbitrage boys and girls when you need them?

All the best.

TAW Price at posting: 31.5¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Merger Update - Scheme Booklet registered with ASIC, page-19

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