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1.4¢ newpeak metals limited

Ann: Successful Closing of Private Placement, page-12

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aussiewebking

2,626 Posts.

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30/05/18

12:24

Post #: 33373270
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Originally posted by journeyman ↑

Even if LKO didn't have legal issues ongoing, I would have thought you would still risk-adjust the value of LKO. As DHR own more than 1/3 of LKO, it should be considered an illiquid investment imo. They cannot liquidate the $28m without it being done over a substantial period of time and at a significant discount to the current 0.3c share price - we all know what happens to a stock when a significant holder unloads on-market over time.

So, if even just for consideration purposes, you could argue that the EV calc could look more like:

$39.4m DHR market cap, post raise
($1m) Cash at 31/3/18
($4m) Cap raise proceeds
($27.8m) LKO investment
$13.9m LKO liquidity-adjustment, say 50%
$20.5m EV

Not saying that this is necessarily accurate, but just that I think it is quite a bit off the mark that the value of the LKO investment would be $28m.

Cheers

Expand

agreed mate

and there are costs for the CRs too typically 5 or 6% for the brokers / lead managers and then registry fees [ which you have included in your figures ]

Last edited by aussiewebking: 30/05/18

DHR Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $4.275M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$3.108K	222K

Buyers (Bids)

No.	Vol.	Price($)
2	113193	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	630	1

View Market Depth

No.	Vol.	Price($)
2	113193	0.013
3	556450	0.012
1	150000	0.011
1	250000	0.010
2	500000	0.009

Price($)	Vol.	No.
0.014	630	1
0.015	197478	2
0.016	164430	1
0.017	100000	1
0.018	838509	2

Last trade - 10.32am 11/09/2024 (20 minute delay)

NPM (ASX) Chart