We all know that TS has said that he expects to realise $800M from the sale of Marampa, Lady Loretta and Sappes over the next 6 months.
What if he is right? What will this do the share price?
At $800M, let us assume cost of these assets was 100M so a 700M profit. After tax that would be 490M, add the original 100M and we have $590M in additional cash. Based on the existing shareholding of 500M plus, you would think that this would add as least $1 to the current CFE shareprice.
Add in the 80M still owing from MCC and the 47M from the sale of Mayoko, that gives at least $700M in free cash flow.
TS's aim of a $1B market cap is not so far fetched.
Now please be right TS.
- Forums
- ASX - By Stock
- if tony sage is right
We all know that TS has said that he expects to realise $800M...
-
- There are more pages in this discussion • 12 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 CLE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $5K | 5M |
Featured News
CLE (ASX) Chart |