Current market value of GT1 is $89.86m. (ASX)
Cash held by GT1 is $20.55m, so 51% of the JV has EV of $69.3m.
Ardiden holds 49% but will drop to 20%.
Current share price of ADV should, IMO, be $0.021, not $0.014, just on the basis of Lithium assets plus financial assets.
100% Value (EV) of the JV is now $136m. 20% of that is $27m.
ADV cash is now $10.6m, plus will get $3.5m for transferring 29% of the JV.
Plus current value of GT1 shares held by ADV is $3.7m.
Add that up to give MC of $45m (Lithium only plus financial assets)
That translates into 2.1c per share.
So, yes, there is a bit of interest in the undervalued ADV shares.
Particularly if you add some extra value for the gold.
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Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $703 | 5.001K |
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Price($) | Vol. | No. |
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1 | 115384 | 0.130 |
1 | 120000 | 0.125 |
1 | 50000 | 0.120 |
2 | 86903 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 1241 | 1 |
0.150 | 52324 | 2 |
0.155 | 9302 | 1 |
0.160 | 16903 | 2 |
0.185 | 45000 | 1 |
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