Think about a 30% project partner.
Putting aside how you price that, selling 30% of project also means BKT only needs 70% of CAPEX, USD158m. if you can maintain USD110m from the banks, BKT short of CAPEX share is USD48m or ~ AUD70m.
AUD70m for 30% of project implies a $233m Market Cap or 18c share price. Importantly it's valuing it a 10% of NPV.....I think once the debt is confirmed, it's game on for SP.
that's the ultimate outcome as you don't need POSCO and as no ECM dilution, value per share ($ of NPV per share) is superior than issuing 50% equity funding of entire project.
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Think about a 30% project partner.Putting aside how you price...
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Last
5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $63.81M |
Open | High | Low | Value | Volume |
5.1¢ | 5.5¢ | 4.8¢ | $193.6K | 3.796M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 149310 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 157500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 149310 | 0.051 |
2 | 1011111 | 0.045 |
1 | 12000 | 0.042 |
1 | 15000 | 0.041 |
2 | 230000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 157500 | 2 |
0.054 | 70000 | 2 |
0.055 | 134636 | 2 |
0.057 | 198500 | 2 |
0.058 | 11935 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
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