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Ann: Investor Presentation - Sibanye-Stillwater Investment, page-117

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GT3CAR147

1,107 Posts.

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16/09/21

16:27

Post #: 56123800
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Originally posted by Gwaihir: ↑

This is an interesting development today for INR.

They have sold half their project, so they now maintain a 50% ownership, so does that mean the share price should now be half of it's current value (market cap), and if not, what is fair value, and what is the validated basis for a new value?

They have sold a fair chunk to Sibanye at 65 cents, so I'm assuming they reached that value somehow, or that Goldman Sachs reached that value somehow.

So is INR now worth half (50%) of 65 cents, or about 33 cents?

I'd suggest that because of the de-risking, and quality of the JV partner, that it's worth more than 33 cents at current value, but not 65 cents now.

A reasonable current valuation may probably put it at around 45 cents or thereabouts, considering that a year ago it was only 10 cents before Lithium boom Mark II, which still gives it a 350% rise over the year, and a much fairer valuation.

Gw

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Just show's read again... if you understand 33c is the value lol no way it would of closed at 60c on 75mil vol

They didnt sell 50% if the company lol

INR Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.5¢		Change 0.000(0.00%)		Mkt cap ! $479.3M

Open	High	Low	Value	Volume
20.5¢	21.5¢	20.3¢	$330.3K	1.602M

Buyers (Bids)

No.	Vol.	Price($)
14	455538	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	14290	1

View Market Depth

No.	Vol.	Price($)
14	455538	0.200
11	253978	0.195
18	596845	0.190
3	264053	0.185
7	100761	0.180

Price($)	Vol.	No.
0.210	14290	1
0.220	163038	6
0.225	397923	3
0.230	527713	6
0.235	456138	7

Last trade - 16.10pm 03/10/2024 (20 minute delay)

INR (ASX) Chart