Australia's largest stock trading and investment forum Australia's #1 stock forum

SRL

Click for more information

6.10%

38.5¢ sunrise energy metals limited

Hi zempheth,Thanks for that input...50:50 JV at 65/35...

First 18 Last

Share
Profile

Follow
ConvexPirate

84 Posts.

13

11/04/22

11:41

Post #: 60780183
Share

Originally posted by zempheth: ↑

hi ConvexPirate
interested in your spreadsheet workings and methodology
from discussions with mgmt it is known the desired structure will be formation of a JV co. Here I see a % of project is sold for cash consideration to SRL and partner then pays pro-rata for construction costs / opex etc (some will be equity and some debt). SRL fund their portion from the cash consideration from sell down. JV co use debt facilities, cost are split depending on ownership % structure. I've made an attempt at what this would look like in previous post above.

I note your model looks at a capital raise scenario whereby SRL maintain 100% ownership with shares diluted at a price to be determined. at the end of the day this accounting would produce a similar result but in practice it wont happen for the bulk of the expenditure.. maybe some contingency capital raises at $10+ after FID i reckon

ps. your capital costs are in AUD but the NPV is in USD, for consistency need to bring everything to AUD i suggest

Expand

Hi zempheth,
Thanks for that input...

50:50 JV at 65/35 debt/equity equates to $10/share...
Concurs with your "maybe some contingency capital raises at $10+"...

SRL Price at posting: $3.07 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

MGU

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

There are more pages in this discussion • 35 more messages in this thread...

First 18 Last

Add SRL (ASX) to my watchlist

(20min delay)
Last 38.5¢		Change -0.025(6.10%)		Mkt cap ! $34.73M

Open	High	Low	Value	Volume
38.5¢	39.0¢	38.5¢	$11.50K	29.69K

Buyers (Bids)

No.	Vol.	Price($)
1	14870	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	9879	1

View Market Depth

No.	Vol.	Price($)
1	14870	0.385
1	25000	0.380
2	20943	0.370
1	10000	0.360
2	19758	0.350

Price($)	Vol.	No.
0.400	9879	1
0.410	2865	1
0.425	20000	1
0.490	1240	1
0.495	9463	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

SRL (ASX) Chart