MIN took over NWE for approx $403m. That was for a minority 20% share of the permits, with no other bidders.
Since then, there has been drilling success and oil shows. Theres no way that CE lets someone in on the project without a hefty mark up. Throw in multiple bidders, and who knows where this ends up!
Back of the envelope guesstimation for the PB assets.
Double the NWE takeover price, times by 5 = $4B.
Add on a multiple bidder premium of 10%. $4.4B.
Sale of 49% of the asset like the haul road. $2.2B. Less taxes and costs, that repairs a big chunk of the balance sheet. The above undersells the asset imo, and doesn't take in to account that MIN has its own drill rig and would happily let go of the oil to appease the wider investment community.
MIN took over NWE for approx $403m. That was for a minority 20%...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$40.61 |
Change
1.210(3.07%) |
Mkt cap ! $7.980B | |||
| Open | High | Low | Value | Volume |
| $39.40 | $41.15 | $38.43 | $124.1M | 3.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 521 | $40.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.73 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |