According to the company, the actual number to get into production was US$26mill. That number might now be a little lower due to what has been spent on the project since that number was put out in December. It wasn't clear in the announcements if that included working capital but from the December presentation, slide 27; " US$26 million left to spend to get into production" That sounds to me like it could have included working capital and that's the feedback I got from the company when I asked that question this week (including that the number is now lower than $26mill due to what was recently spent).
US$26mill, (probably less now), less US$14mill from the IDC leaves up to US$12mill. That is A$18mill. The original cr was not aiming for anywhere near that much because the company was and still is pursuing other debt options.
Yes, the company is low on cash and that reduces their bargaining power but it all needs to be put into perspective.
Perhaps another A$10mill left to raise after this cr and after the IDC is confirmed, hopefully mostly from other debt, on a project with a NPV of over A$300mill. That's not as bad a situation as some here suggest.
Even if we see say up to 25% dilution from before this cr to get us into production (won't need to be that much if other debt comes through along with IDC), that brings the mc up to around A$100mill (at the last sp) versus a NPV of three times that and once in production most companies trade well above their NPV which could mean a sp of 30c plus after production begins. The NPV will also be higher now with much larger production numbers for years 1-7 now expected versus the DFS.
- Forums
- ASX - By Stock
- MNB
- Ann: Continuation of Suspension
Ann: Continuation of Suspension, page-21
- There are more pages in this discussion • 52 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 MNB (ASX) to my watchlist
|
|||||
Last
5.6¢ |
Change
0.001(1.82%) |
Mkt cap ! $48.44M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.5¢ | $14.96K | 272.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 136365 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 42036 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 136365 | 0.055 |
2 | 53104 | 0.054 |
2 | 218867 | 0.053 |
2 | 53865 | 0.052 |
4 | 88547 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 42036 | 3 |
0.058 | 11958 | 1 |
0.059 | 57315 | 2 |
0.060 | 16132 | 3 |
0.061 | 195189 | 2 |
Last trade - 12.07pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
5.6¢ |
  |
Change
0.001 ( 3.70 %) |
|||
Open | High | Low | Volume | ||
5.6¢ | 5.6¢ | 5.6¢ | 10362 | ||
Last updated 12.07pm 17/06/2024 ? |
Featured News
MNB (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online