I look at it like this, NPV after changes to royalties with mining lease is $1.3B USD.
At a 65 AUD/USD exchange, that's $2B AUD for 100% of the project.
Post 13% free carry, 6% wealth fund and 50% of remainder PLL, Atlantic holds 40.5% of the project or $801m AUD.
That is at pricing of $1,587 USD/t versus current of ~ $1,900 USD/t - people are calling it the bottom.
646m securities fully diluted represents $1.24 per security. There's a final funding shortfall of AUD $59m. That's likely structured partially through the remaining 50% offtake but even if you raise the $ at around current price, that's an additional 118m securities, taking SOI to 764 million, or $1.07 per security.
So we've received an offer at a 41% discount to Atlantics share of project NPV, with pricing at the bottom of the market cycle and Atlantic just scratching the surface of exploration.
- Forums
- ASX - By Stock
- A11
- Ann: Rejection of Non-Binding Indicative Offers from Assore
Ann: Rejection of Non-Binding Indicative Offers from Assore, page-24
-
- There are more pages in this discussion • 4 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 A11 (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $240.3M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 37.0¢ | $1.793K | 4.786K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 102453 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 102453 | 0.370 |
1 | 27000 | 0.365 |
2 | 109000 | 0.360 |
1 | 99999 | 0.355 |
2 | 9142 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 10000 | 1 |
0.390 | 4954 | 1 |
0.395 | 22873 | 2 |
0.400 | 130698 | 2 |
0.405 | 7922 | 2 |
Last trade - 12.37pm 26/07/2024 (20 minute delay) ? |
Featured News
A11 (ASX) Chart |