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78.0¢ avz minerals limited

Ann: Cornerstone investor secured for Manono Project, page-87

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donegaldemon

3,931 Posts.

1901

27/09/21

09:45

Post #: 56366024
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Originally posted by BenGriffo ↑

The $US240m is not the full amount. I read it as (more than) $US400m for 24% which is closer to $US1.67b ($AU2.3b). With 3.21b shares on issue, then SP should gravitate to 71c. Happy to be corrected, what am I missing?

"CATH shall pay US$240 million cash for their 24% equity interest and a
further amount to fund their pro rata portion of funding for the
development of the Manono Project."
"The transaction in totality will contribute more than US$400 million,
subject to final project development costs being verified*."

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240 Million for 24% , the remaining 160 million is for Capex so cant be counted as the value of the project ?

AVZ Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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