HIG 0.00% 10.5¢ highlands pacific limited

Ann: Highlands Placement and Ramu Refinancing, page-33

  1. 6,147 Posts.
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    Given todays deal.

    Will the chinese be forced to lob a bid to increase their ownership of cobalt supply?

    $40M free cashflow at 11 percent of RAMU.

    If their assumed $100USD in debt and lobbed a bid at 20 cents they would be paying less then 10 times earnings. They will get flFrieda and other assets for free.
 
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