AGY

5.00%

8.4¢ argosy minerals limited

General Comments & Banter, page-11967

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kevin103

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18/02/19

17:54

Post #: 37475083
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Originally posted by perer66: ↑

So if I try to look at this without rose coloured glasses, I see that the company might have to give up a majority in the company to get the $140mill equity required. So le's just for now assume we give the partner 1200,000,000 @ $0.1175 per share in return for funds ( with some form of proviso that they can not sell any for a few years ) So what will this mean....???

approx. 2100,000,000 shares on the registry BUT full scale production, so

10 TPA min at , approx. $7000 net profit per tonne, of which AGY would keep 90% ( up from current 77.7% with Puna ,after we go to 90% for securing finance ) Assuming sale price of $11500 p/t minus $4500 p/t costs ( the sale price I think will be closer to $13000 p/t given we are providing an end product for our partner , ie little or no further processing by them required ) , so a net profit of approx. $63 mil per year or $0.03 per share. You multiply that at a conservative multiple of 20 ( ie so returning 5% for investors ) that gives you a share price of around $0.60 per share.
Even if you allow for company only returning 60% for dividends and re investing the other 40% gives you a share price of $0.36 before you add the any GP from the investments they make.

This is a simplistic overview however you can see where I am going with this , happy to hear an alternative valuation if they do decide to sell a majority share in co. For me I just cant see a downside... because any large investment by a big company will mean this thing going into full scale production !

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@perer66 mate a 57% dilution to existing shareholders? Surely not - that's a terrible deal !

Would that sit well with JK and his 60% shareholdings in AGY?

AGY Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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Last 8.4¢		Change 0.004(5.00%)		Mkt cap ! $122.2M

Open	High	Low	Value	Volume
8.2¢	9.0¢	8.2¢	$272.9K	3.164M

Buyers (Bids)

No.	Vol.	Price($)
3	146998	8.2¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	79520	2

View Market Depth

No.	Vol.	Price($)
2	38565	0.082
4	316055	0.081
4	114425	0.080
2	125000	0.079
4	417778	0.078

Price($)	Vol.	No.
0.084	79520	2
0.086	123596	1
0.087	3194	1
0.088	60000	1
0.089	11032	1

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General Comments & Banter, page-11967

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Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

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General Comments & Banter, page-11967

Top Stories

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Metalicity looking for offers on Admiral Bay zinc project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Talking Australia's very competitive property landscape: Realty Talks

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Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News