imho when you look at the valuations of CTM's in-country peers like HZM and BRVO, theres no doubt in my mind that us small fry got screwed over with this half-price placement to the big boys
CTM doing a placement to the big boys only at a valuation of $300m means us small fry get diluted more than was needed
i cant believe that a world class, tier 1, class-1 nickel deposit with leading ESG credentials, during an EV revolution and in an environment where M&A is very active for sulphide deposits of scale, is only worth a few hundred million piddly aussie dollars
can someone more smarter than me please explain why CTM says this is only worth $300m?
mind you, remember that before they acquired Jaguar, they had a MC of $30m. after acquiring Jaguar, they have raised $110m up until this placement. so in effect, this $300m valuation should be discounted by $140m. on this maths, where is the value-add they have supposedly created over the 4 years since they acquired Jaguar? why only a measly $160m of value-add over 4 years?
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 19047 | 0.420 |
1 | 17000 | 0.415 |
3 | 38146 | 0.410 |
4 | 25500 | 0.405 |
Price($) | Vol. | No. |
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0.435 | 28699 | 2 |
0.440 | 6958 | 1 |
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