Just to set this out piece by piece.....
We, as TAW holders are soon to have our TAW shares replaced with AMAL share at a rate of 1.1 for every 1 share TAW share that we hold.
On top of that, TAW is spinning it its other assets (Cowan, Yallari, Mofe Creek) which according to an Earlier Cannaccord report constitutes around 2.2 cents of the share price at 40c, so close enough to now....
Irrespective of whether one agrees with the merger or not, we as TAW holders are getting the better deal than what AMAL holders are getting. (Financially speaking only of course) if it stays this way.
Following table is based on 2 assumptions which were both correct as I crafted the below table 5 mins ago.
1. AMAL SP 35.5c
2. TAW SP 38.0c
|
Column 1 |
Column 2 |
| 1 |
Current Amal Price (in SGD) |
35.5 SGD cents |
| 2 |
Suggested TAW price (multiply x1.1) |
39.05 cents |
| 3 |
Allowance given for (Cowan, Yallari, Mofe creek) |
2.2 cents |
| 4 |
Subtotal |
41.25 cents |
| 5 |
half of 15% retained by new entity |
0.0165 cents |
| 6 |
Subtotal |
41.2335 cents |
| 7 |
SGD to AUD (rate of exchange .99c) |
40.81 AUD cents |
Be patient, this will turn around....
