I think a JV cross holding wont be enough for them. It doesn't guarantee permanent supply from Epanko, even with a 10 year contract. I read their financial results and looked into their cross-holdings and i learned they buy coal, chemicals etc. from companies/mines they hold direct positions in, they also own, mostly outright, the value adding component.
So i have no doubt they'll fund the JV, but it's the mine, or maybe KNL i expect them to take a position in.
Would you fund a $100m JV with a minnow without taking some type of guarantee, either through a company position or mine equity stake? I mean what's an extra $10, or $20m for a position in KNL when you've just stumped up $100m?
Just a thought. I obviously don't know. But i don't think they'll only want a position in the JV. I don't think it'll be enough for them.
- Forums
- ASX - By Stock
- EGR
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-14
-
- There are more pages in this discussion • 1 more message 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 EGR (ASX) to my watchlist
|
|||||
Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $45.40M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.6¢ | $13.71K | 137.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 857 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 334756 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 857 | 0.096 |
2 | 29026 | 0.095 |
1 | 470 | 0.094 |
1 | 10000 | 0.092 |
2 | 88065 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 334756 | 3 |
0.105 | 408000 | 2 |
0.110 | 68412 | 3 |
0.115 | 427500 | 4 |
0.120 | 102079 | 2 |
Last trade - 11.28am 16/08/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online