My point is (with the added 5m for the 1-1.3 conversion) it values the combined entity at $80m at current values.
AC8 has $15m cash and draining $2m a quarter.
CP1 has about 1m in cash draining .5m a quarter.
Combined $16m in cash and draining 2.5m a quarter, so approx 6 quarters till they run out of cash.
AC8 facilities $12m.
Combined $28m and dropping 2.5 m a quarter.
Zero income atm and no sign of any income from AC8 for a LONG LONG time.
......I'd prefer to have $80m and invest elsewhere than the above.
Don't get me wrong, I like CP1, they are worth at least their current valuation of $15m and have potential, it's just the AC8 $65m ($60m + $5m extra for 1-1.3 takeover) that lacks any real value.
- Forums
- ASX - By Stock
- CP1
- Don't let CP1 become AC8?
Don't let CP1 become AC8?, page-4
-
-
- There are more pages in this discussion • 21 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 CP1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online