$200m is deferred until they achieve a 35mtpa run rate over a whole qtr and $100m is the tax/other costs associated with the sale.
also check out what cliffs had estimated as the rehab closure costs before min saved its bacon. $220m back in 2018. What would it be now?
https://thewest.com.au/business/min...rly-exit-from-koolyanobbing-ng-b88844808z.amp
there’s also a $200m payment it needs to make on July 1 as per a recent ann. Then the tenements purchased from bci..
Net debt was $3.5b as at 31 Dec but only $1.9b June 30 2023. Avg debt in this CY so far would be substantially greater than last year which means the interest costs of $167m for HY ending Dec 2023 would be dwarfed in this HY ending 30 June 2024.
then you have IO being 16% lower in Mar qtr than Dec qtr (according to min quarterly for March 2024). Pilbara and yilgarn made $34 and $26 ebitda per tonne respectively in HY Dec 23 (as per presentation). EBITDA would be marginal at best in this HY and there’s still an other 6 months at yilgarn to go irrespective of whether it is making a loss or not.
The underlying npat was $196m for Hy Dec 2023. Lithium is much worse off now than the avg price realised during the last HY
Even $196m for HY gives it a massive p/e at the current share price.
I can tell you what I think it’s worth. Let’s just say I believe it was in a stronger position when it launched the takeover offer of AGO.
- Forums
- ASX - By Stock
- Ann: Yilgarn Hub Update
$200m is deferred until they achieve a 35mtpa run rate over a...
-
- There are more pages in this discussion • 9 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 MIN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$49.14 |
Change
6.010(13.9%) |
Mkt cap ! $9.656B |
Open | High | Low | Value | Volume |
$46.71 | $49.23 | $45.55 | $170.1M | 3.552M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | $49.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$49.16 | 3984 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1150 | 48.950 |
1 | 200 | 48.900 |
1 | 250 | 48.700 |
1 | 500 | 48.530 |
1 | 199 | 48.450 |
Price($) | Vol. | No. |
---|---|---|
49.200 | 48 | 1 |
49.230 | 379 | 1 |
49.300 | 10 | 1 |
49.490 | 250 | 1 |
49.500 | 3861 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
MIN (ASX) Chart |