If you work the numbers roughly around the current AZS offer, bearing in mind their deposit is a monster so working on ours being for the sake of argument and numbers 2 thirds then I see the number working around to here.
60% AZS ownership of Andover the take over offer is around $1.6 billion of $2.7 Billion for the 100% ownership.
so, WC8 being a $1 billion company at $1.04 not including options as they weren’t added to the AZS valuation.
back of the envelope calculation comes at around $1.78 would be a fair offer after some more drilling results to sure up the size depth and grade of the deposit.
If you work the numbers roughly around the current AZS offer,...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $168.0M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 12.5¢ | $363.0K | 2.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 2429058 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 94920 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| WC8 (ASX) Chart |