We should all be hoping that BTL would cover most of the acquisition costs not BRL.
The potential saving from a win on appeal is significant - and mgmt are obliged to lodge an appeal if only to protect a position at a negotiating table.
The argument of course comes down to the probability of a win - and that is the unknown. The 20% used in your formula seems rather high to me, on the otherhand the $40m you also use is too low. I'd change it to $55m.
L&M will be wanting at least 8% interest on the $40m judged as owed. 8%-10% is consistent with BRLs convertible notes and previous borrowing terms. Compound at two years is $6.6m.
BRL have also been ordered to pay costs. If we assume L&M have invested $3-$5m in legal fees, another $1m for an appeal would take their costs to $4-$6m.
If BRL win and are able to claim costs then they'd also save their own legal costs to date, plus appeal costs - for argument lets say $4m ($1m FY 16/17, $2m FY 17/18, $1m appeal)
I calculate BRL as owing close to $51m. A win on appeal would wipe that, and perhaps allow BRL to recoup $4m.
... and I dont believe that $2.1m is anywhere near a 'rounding error' btw.
- Forums
- ASX - By Stock
- Ann: Investor Presentation FY 2018 Results
We should all be hoping that BTL would cover most of the...
-
-
- There are more pages in this discussion • 145 more messages 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 BRL (ASX) to my watchlist
|
|||||
Last
71.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $135.8M |
Open | High | Low | Value | Volume |
71.0¢ | 71.5¢ | 70.0¢ | $117.5K | 166.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16143 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 26666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16143 | 0.710 |
1 | 5070 | 0.705 |
3 | 39000 | 0.700 |
2 | 9000 | 0.695 |
1 | 25 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 26666 | 1 |
0.790 | 50000 | 1 |
0.815 | 6538 | 1 |
0.850 | 16588 | 2 |
0.875 | 20000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
BRL (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online