SFX 0.85% 29.5¢ sheffield resources limited

Ann: $30m Equity Raising to Advance Sheffield Growth Strategy, page-5

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  1. 204 Posts.
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    Let's assume we only add back 'cash value' of $30mik for the extra shares rather than assuming an investment of circa $20mil might add an NPV of $80mil (which is the only reason one would proceed with the investment):

    50% share of TB NPV ~$700mil
    cash backing ~$30mil
    total ~$730mil

    shares on issue ~406mil

    theoretical value per share $1.80

    hardly discount evaporated on my maths

 
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