Current Cash: $10m (incl. $2m exploration costs)
Enamco payment: $32m
Offer Cash: $80m (excl. tax implications)
Shares o/s: 250m
Gross cash: $0.49/share
+ exploration upside
I agree this is positive relative to the current share price, but I question whether the $80m offer is reasonable compared to comparable relative valuations. An independent expert's report would likely conclude it was low compared to trading and transaction multiples.
Use of proceeds - How realistic is it to assume mgmt can invest the cash in another project with better prospects than the koka deposit?
- Forums
- ASX - By Stock
- CHN
- china deal?
china deal?, page-11
-
-
- There are more pages in this discussion • 37 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 CHN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.49 |
Change
0.040(2.77%) |
Mkt cap ! $577.7M |
Open | High | Low | Value | Volume |
$1.45 | $1.51 | $1.41 | $4.630M | 3.149M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15967 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 4747 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2949 | 1.475 |
1 | 2054 | 1.460 |
1 | 10000 | 1.450 |
1 | 500 | 1.445 |
1 | 689 | 1.430 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 3037 | 1 |
1.500 | 8676 | 2 |
1.505 | 7014 | 3 |
1.510 | 700 | 1 |
1.515 | 4650 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |