they don't have debt, i think current liabilites are 21k lol for...

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skotlaroc

1,098 Posts.

212

05/03/25

14:49

Post #: 78143328
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Originally posted by toteman: ↑

Quoted from the above release:

"Tali Resources Pty Ltd (40% Interest)
Tali Resources Pty Ltd (“Tali”) is a private company which is 40% owned by Agrimin and is focused on exploration in theWest Arunta region of Western Australia. Tali holds one of the largest and most prospective tenement packages in theWest Arunta and Tali also owns 12.5% of WA1 Resources Ltd (ASX: WA1), which had a carrying value of interest inassociate of $31.6 million as at 31 December 2024 for Agrimin’s 40% interest in Tali."

Something doesn't add up
The statement made in todays release, says that AMN carried interest value in associate of its 40% holdings of Tali, with Tali holding 12.5% of WA1
gave a value of $31.6 million as of 31st December 2024
At 31st December 2024 WA1 closed at $13.25
WA1 ORDINARY SHARES67.72M
12.5% of 67.2M = 8.4M WA1 shares held by Tali
40% of 8.4M = 3.36M WA1 shares effectively held by AMN
Value of 3.36M WA1 shares on 31st December with a closing price of $13.25 = $44.52 Million
So how is it in this latest release they value their holding of Tali at only "$31.6 million as at 31 December 2024 for Agrimin’s 40% interest in Tali." ??
Something doesn't add up??
Might it be that their 40% of Tali also includes 40% of Tali debt?
Don't know,
but smells fishy.

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they don't have debt, i think current liabilites are 21k lol for tali

its cause of deferred tax liabilities. so the $31m is after tax which is standard for this thing

so total equity of the shares is 79m, amn get 40%, $31.6m

AMN Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

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Last 7.5¢		Change -0.005(6.25%)		Mkt cap ! $28.63M

Open	High	Low	Value	Volume
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1	285714	0.070
1	200000	0.067
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1	350000	0.062

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