No idea! 50% is a good starting point noting the risks in the market for something that will not pay out completely until early 2026 if production hits 100K/bbl day and Brent stays above US $70/bbl. If Brent averages $65/bbl then it will take the entire 3 years and the contingent payment will not reach the entire AUD $77M.
I assume if Meridian was to be successful at having FAR list the contingent payment in a separate entity that it may trade at 50% of the possible valuation, but that's just a wild guess.
All the calculations I have done put FAR's fair value in the 75c-90c range assuming 50% value for the contingent payment.
Ann: Meridian Rejection of Samuel Terry Takeover, page-19
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |