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31.0¢ tawana resources nl

I have in my notes, in one of Mark's earlier comments, that...

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ptan

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09/04/18

23:03

Post #: 32332972
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Originally posted by Charterrierist ↑

Whatever the case may be, at the end of the day we will walk away with shares in an entity with 100% ownership of a cash generating operation.

It will make it easier for funds to do analysis and make comparison between peers as there will no longer be uncertainty over:

1) Control difficulties between 2 entities
2) Questionable AMAL management
3) Discrepancies in valuations
4) Cash flow management (I.e who pays for what and who contibutes capital etc.)
5) Whether certain funds can consider us due to small market cap

All in all, I don’t see why people are so unhappy. It had to happen.

We will be a $480m capped company with FCF in excess of $120m. Go figure. A re-rate will come.

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I have in my notes, in one of Mark's earlier comments, that Baldhill will hit net pre-tax cash flow of A$200m by 2020. Based on the merged entity, the estimated net CF will yield about 35% pa.

I guess this projection may be obsolete now in view of the strategy to ramp up production capacity by 2019.

TAW Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
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