BML boab metals limited

Yes, reading between the lines it would appear they have made...

  1. 29 Posts.
    lightbulb Created with Sketch. 80
    Yes, reading between the lines it would appear they have made good progress with the project financing in the last month:
    • May: "Engagement with additional debt Financiers ongoing"
    • June: "Engagement with debt Financiers progressing positively"

    As you noted: "non-binding terms sheets have been received from domestic and international finances"; and "Boab is confident of securing a financing solution for Sorby Hills that achieves the level of gearing targeted by the company"

    I would also like to note the closing gap between market cap and pre-production capex, previously it was around a 1:10 ratio (30:300), it looks it is heading towards a ratio of 1:4 (50:200) assuming relocation and refurbishment cost of ~$50 M for the De Grussa processing plant (~$60 M total as opposed to $130 M). This is just high-level.

    I need to properly update my valuation to include the second hand processing plant and expected dilution, but it is looking positive so far. I just hope they can raise at or above $0.2 per share and limit the raise to $100 M for 750 M shares total, as to target a post-tax NPV8 of around $0.6 per share or more.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $55.84M
Open High Low Value Volume
20.0¢ 20.5¢ 19.5¢ $244.2K 1.215M

Buyers (Bids)

No. Vol. Price($)
9 249818 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 80000 1
View Market Depth
Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
BML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.