This is the number I get. I assumed all shares are exercised except the ones at 3.97 because they are out of the money. I took the cash from exercise and combined that with the shares to get the total shares on issue. I then took the current cash balance with the cash from exercise as the total cash balance for SRK. I then took the US$450million, used a 0.9 exch rate for A$500million. I tried to ring SRK to get a figure for the tax but was unable to get into contact. I assumed tax was at $50million. Leads to 4.54. If the deal goes through I would expect atleast $4.20
SHARES 86312419 OPTIONS 3106748 0.178 553001.144 1833333 0.178 326333.274 1666667 0.278 463333.426 4600000 0.938 4314800 500000 0.938 469000 150000 1.178 176700 500000 2.078 1039000 3300000 2.788 9200400 133000 2.878 382774 200000 2.878 575600 250000 2.878 719500 18220441.84 4000000 3.978 15912000 106552167 CASH 15666000 CASH EX OPTION 33886441.84 PERU DEAL USD 450000000 AUD/USD 0.9 PER DEAL AUD 500000000 TAX 50000000 DEAL AFTER TAX 450000000 PLUS CASH 33886441.84 TOTAL CASH VALUE 483886441.8 DIVIDED BY ALL SHARES/OPTIONS 4.541310191
SRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
