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327 Posts.
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12/07/13
15:48
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Davo1
My Analysis is on BEST CASE.
My view is that by the time FAS raise $65M there could be as much as 2.5B - 3B shares on issue.
In order to get the $65M FAS will have to pay some enormous interest or give away the offtake at a massive discount.
Additionally FAS still have $10M in debt.
If we assumed that FAS had 2.5B shares on issue, no debt and had sold the offtake at $80/MT.
Under this scenario profit would be $20/MT, 50% FAS $10/MT.
$200M NPV/ 2.5B shares = $0.08/share
Interesting scenario.
DYOR
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