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5.00%

1.9¢ enova mining limited

Ann: WORLD CLASS CLAY HOSTED REE GRADES DISCOVERED AT CODA NORTH, page-242

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mho25

1,959 Posts.

344

20/03/24

00:28

Post #: 72969857
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Originally posted by REMIKE23: ↑

You can't include options into a current valuation.

Options are just that, an option to purchase shares with an agreed expiry date. Your numbers may be correct, however the majority do not come into expiry for another 3 years, in which the projects will be significantly further along and warrant a higher MC.

Options will also increase cash for the business at time of conversion.

Current MC would be any shares on issue and potentially at a stretch the cost of acquiring options - conversion cost. The conversion cost is only recognised at time of expiry or conversion, so your calculations are way off.

Your valuation is a 2028 figure with 100% of options converted, to determine MC you would need to also factor in the 3 years of future announcements and growth.

You can't Cherry pick and assume a static company value and 100% of options converted at today's value.

Expand

They're in the money and have already started to be be converted. There are not performance criteria attached. It clearly should be counted...

Last edited by mho25: 20/03/24

ENV Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $18.20M

Open	High	Low	Value	Volume
2.0¢	2.0¢	1.9¢	$43.43K	2.278M

Buyers (Bids)

No.	Vol.	Price($)
3	4387287	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	1573904	9

View Market Depth

No.	Vol.	Price($)
3	4387287	0.019
15	2773417	0.018
6	5372378	0.017
13	4211625	0.016
7	1701166	0.015

Price($)	Vol.	No.
0.020	1573894	8
0.021	1457610	8
0.022	2517823	11
0.023	1626566	11
0.024	1690112	8

Last trade - 13.58pm 10/05/2024 (20 minute delay)


Last 2.0¢			Change -0.001 ( 5.26 %)
Open	High		Low	Volume
2.0¢	2.0¢		1.9¢	2082120
Last updated 14.26pm 10/05/2024 ?

ENV (ASX) Chart