For everyone's reference, here are the economics of Funds 2&3:
And here are my personal calculations for the equivalent economics of this partial completion:
As per the slide above, I have assumed an indicative 12.5% pa equity rate for the fund investors and a 2.0% pa management fee for OBL. The investment period inferred from the reported IRR is 4.7 years, given that (43.7/5.1)^(1/4.7)-1 = 58%.
So, if my calculations are correct, the Gross Profit from this partial completion (OBL part only) corresponds to more than 10% of current Market Cap.
Please do your own DD.
For everyone's reference, here are the economics of Funds...
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Last
$1.00 |
Change
0.058(6.08%) |
Mkt cap ! $283.2M | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | $1.01 | 95.0¢ | $276.4K | 283.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3901 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 3000 | 13 |
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| Last trade - 13.58pm 26/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |