Not sure if you guys can understand what pp is saying, but I certainly cannot. I hope this clears up the financing a bit.
Capex has been estimated at 1.3 billion which NMDC have said will come from 70% debt and 30% equity. That means Legacy will need to raise $390 million in equity of which 50% will likely come from NMDC who will not want to dilute their holding. This leaves $195 which will need to be raised by Legacy and current holders. This represents 82 cents per share on issue and while I agree that this will not occur at the current price it will still result in significant dilution for holders. I still think Legacy represents fantastic value even though we will likely get diluted down to a third of our holding if the price gets to 40 cents before a rights issue or capital raising in order to get Mt Bevan to production.
- Forums
- ASX - By Stock
- LCY
- announcement out
announcement out , page-70
-
-
- There are more pages in this discussion • 41 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 LCY (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LCY (ASX) Chart |
Day chart unavailable