unless - the float....values the project at $500 million by raising $375 million to buy 75%. ($250 to cfe and $125 to remain in the company)...
that would value the 25% that cfe keep at $125 million. (375+125 = $500)hence the float only raises $375 (not $500m) of which cfe keeps $250million.
this makes more sense as i did not think cfe would be able to raise $500 million. $375 more realisic and still means that Marampa underwites the current share price.
ignores the $100 million in cash we have (post AKI), MCC money owing (maybe, the listed securities we own and the vast exploration assets in west africa.
very exciting stuff - let's get this one sold and start developing the next one.
CFE Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
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