Hoping to see that $65m of cash transferred tomorrow.
Per the previous update they can only close the transaction at a month end date ie last day of the month so my assumption is they already received all approvals / consents early this month.
With surplus cash of ~$20m and a primarily coal services business generating $30m EBITDA (ex gain on sale of equipment) p.a and a net EV of $55m we are seeing <2x EBITDA earnings - this is crazy low valuations....
Maybe a tie up with MSV would be a natural fit given MSV coal / gold dominated drilling business and desire to expand into mining services - and with both companies trading at 2x EBITDA they will have significant leverage to grow and demand better pricing and drive efficiencies.
Hoping to see that $65m of cash transferred tomorrow.Per the...
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Last
17.8¢ |
Change
-0.003(1.39%) |
Mkt cap ! $54.40M | |||
| Open | High | Low | Value | Volume |
| 17.8¢ | 17.8¢ | 17.8¢ | $4.438K | 25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 25000 | 1 |
View Market Depth
| Last trade - 14.05pm 23/08/2024 (20 minute delay) ? |
| MYE (ASX) Chart |