this is something worth noting, since that interview in may, where he mentions $47m net for riley, the lift in iron prices has been quite significant. Like $40/t higher. or so.
If they were to hedge some of that, who knows. But the same end game for Mt lindsay, a free ride. It would just mean that there might be no debt component at all. (if as noted in that interview was suggesting a 50-50 debt equity on say 50m capex) Can Riley exceed all the say 50m capex requirement of Mt lindsay. ?
(and please note, these are just going from the figures he poked at with a stick, and may vary when we see the studies)
I reckon, possible that we might get a look at all the capex in Mt Lindsay, from Riley. With no debt required.
Thats still the same free ride, as in either case with a debt component or not, we will have no more dilution in VMS, apart from any funding to get the last 10% of riley off the ground.
- Forums
- ASX - By Stock
- VMS
- company maker
company maker, page-7
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.46M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.5¢ | $128.6K | 8.162M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2022145 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 429831 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2022145 | 0.015 |
4 | 1211800 | 0.014 |
4 | 1496495 | 0.013 |
7 | 2094067 | 0.012 |
3 | 1945455 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 429831 | 3 |
0.017 | 1264978 | 4 |
0.018 | 1719946 | 11 |
0.019 | 2051452 | 8 |
0.020 | 587200 | 5 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
VMS (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online