SP is irrelevant to funding. Not sure why people have this idea in their head.
Whether projects get funded or not is a function of confidence in the sector more than anything.
The below is WAF final funding announcement in late 2018 - I remember riding getting on this ride with @fbx258 around the time this funding was announced.
At the time share price was 29.5c and MC was A$200m.
They raised A$300m in debt and contributed between cash and this raise $70m in equity.
WAF NPV at the time was A$600m..... oh and it's in Burkina Faso vs WA lol
To put this into AUC terms that is like us getting to 6c by FID (hardly impossible). Also if you assume a 70/30 split on our equity requirements that is like $210m debt and another $90m equity. If we are raising at say 70c (post 10:1 consolidation) that would be another 130m SOI on top of 350m post consol. Call it an eventual 500m SOI. Spot price NPV is $1bn+ or a $2 share price (20c pre consol) with upside from either spot movement or adding more ounces.
- Forums
- ASX - By Stock
- AUC
- Ann: Ausgold raises $38M to accelerate development of the KGP
Ann: Ausgold raises $38M to accelerate development of the KGP, page-35
-
- There are more pages in this discussion • 105 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 AUC (ASX) to my watchlist
|
|||||
Last
3.8¢ |
Change
-0.003(7.32%) |
Mkt cap ! $104.9M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 3.7¢ | $155.1K | 3.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 0.038 |
3 | 326756 | 0.037 |
4 | 476111 | 0.036 |
8 | 1383571 | 0.035 |
2 | 529411 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 30000 | 1 |
0.040 | 450000 | 2 |
0.041 | 1099282 | 3 |
0.042 | 210000 | 2 |
0.043 | 184037 | 2 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
AUC (ASX) Chart |