Thanks Wurlitch for pointing out the fairly forgotten position AMN have in Tali and WA1
Just to lay it out and update:
AMN owns 40% of Tali Resources Pty Ltd- Tali also has JV with Rio Tinto spending ~AUD50M to earn 75% of West Arunta Project.
Tali owns 17.8% of WA1
AMN's indirect ownership of WA1 = 0.4x0.178 = 7.12%
WA1 49.8M FPOs + 4.4M in the money oppies = 54.2 shares Fully Diluted
Price of WA1 today $5.97
WA1 Mkt Cap = $5.97 x 54.2 = $323.5M
Value of AMN's holding = 7.12% of $323.5M = $23.038M
AMN shares on issue FPO = 288,352,486 price $0.22 = Mkt Cap $63.44M
WA1 Holding = $23.04M /$63.44M = 36.3% of current Mkt Cap of AMN = 7.99 cents per share
Table lays out value of WA1 to AMN at various WA1 share prices:
WA1 Mkt Cap $M WA1 Price Value to AMN $M WA1 component of AMN Price per Share 1 $108.40 $2.00 $7.72 $0.027 2 $162.60 $3.00 $11.58 $0.040 3 $216.80 $4.00 $15.44 $0.054 4 $271.00 $5.00 $19.30 $0.067 5 $325.20 $6.00 $23.15 $0.080 6 $379.40 $7.00 $27.01 $0.094 7 $433.60 $8.00 $30.87 $0.107 8 $487.80 $9.00 $34.73 $0.120 9 $542.00 $10.00 $38.59 $0.134 10 $813.00 $15.00 $57.89 $0.201 11 $1,084.00 $20.00 $77.18 $0.268
At a WA1 share price of $8.21 value of AMNs holding would be worth 50% of AMN's present market cap and worth 11cps to AMN.
It is a pretty positive development for AMN and obviously the holdings in WA1 can potentially provide a backstop for funding Lake Mackay.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
Thanks Wurlitch for pointing out the fairly forgotten position...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMN (ASX) to my watchlist
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $64.07M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 19.0¢ | $2.126K | 11.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 78900 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 11242 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 78900 | 0.175 |
4 | 40000 | 0.170 |
2 | 106061 | 0.165 |
2 | 18611 | 0.160 |
1 | 10780 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 11242 | 2 |
0.195 | 28699 | 1 |
0.200 | 10206 | 2 |
0.205 | 15888 | 2 |
0.210 | 8238 | 1 |
Last trade - 11.27am 06/09/2024 (20 minute delay) ? |
Featured News
AMN (ASX) Chart |