DeepGreen Update 8/3/21 Very large DTA Balance 31/12/20 $38m Portfolio 5/3/21 1.04 Gross Shares on issue 298,815,138 Gross Assets 26/02/21 310,767,744 DTA est 05/03/21 34,000,000 NTA After DTA $34m 05/03/21) $38m 31/12/20) 276,767,744 Deepgreen holding at US$1.38 (2.8% 28/02)) 8,868,833 DeepGreen SORC Shareprice ($USD) 10.25 Deepgreen Holding at current price 65,873,581 Gross Assets 342,641,324 Amend DTA to Pretax DTL (still in DTA) 31,873,581 Accrural for Performance Fee DG at current MP 11,400,949 DTA after gains 16,898,576 NTA GeepGreen at $10.25 333,772,491 NTA GeepGreen at $10.25 1.117 NTA per share NTA GeepGreen at $15 96,400,362 Deepgreen holding NTA GeepGreen at $15 6,105,356 Additional Performance Fee NTA GeepGreen at $15 358,193,916 NTA GeepGreen at $15 1.199 NTA per share NTA GeepGreen at $5 315,525,846 NTA GeepGreen at $5 1.056
I have refined the NTA model for DeepGreen at USD$10.25 and taking into account DTA/DTL and 20% performance fee likely payable
Current NTA is AUD$1.117 (+/- market and exchange rate movements and other items) with Deepgreen USD$10.25 (with today's XJO lift likely AUD$1.13 at intraday now)
IF (IF,IF) Deepgreen was USD$15.00 NTA runs to AUD$1.199, and at UDS$5.00 NTA AUD$1.056
So with CDM at AUD$1.02-1.04 - call option over Polymetallic Nodules for Batteries - perhaps a nice (low volatility complimentary position to Lynas (disclosure - held)
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Open | High | Low | Value | Volume |
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4 | 29204 | 0.725 |
6 | 56338 | 0.720 |
4 | 44195 | 0.715 |
6 | 237426 | 0.710 |
Price($) | Vol. | No. |
---|---|---|
0.740 | 104877 | 6 |
0.745 | 56997 | 4 |
0.750 | 210728 | 9 |
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