HFR 1.69% 30.0¢ highfield resources limited

In this hypothetical example, HFR holders end up with US$80m of...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 27,462 Posts.
    lightbulb Created with Sketch. 4711
    In this hypothetical example, HFR holders end up with US$80m of a US$420m entity or 19%.
    However, I can’t see how, in such a transaction greenfields, but permitted Southey can be valued at 50% at US$120m more than construction ready Muga which will be producing in 2 years, even if Yancoal value it as high as US$290m, presumably as it is larger scale? I mean, maybe it is worth something like that - in which case is HFR is stupidly undervalued. Oh yes, it is.
 
watchlist Created with Sketch. Add HFR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.