Allowing for the A$500 million approximate debt of OMH, probably to date as OMH must still be paying down this debt, it would lead to a different analysis of the price relationship between WEC and OMH.
With JMS valuation at 2 billion shares at A$1.50 it is indeed A$6 billion for Tshipi. The iron ore assets and other income generation is not that significant at present.
On JMS valuation at 60c, with no debt and fully diluted = A$1.2 billion.
OMH with 770 million shares, with A$500m debt and a further 5% in options and warrants, creates a different picture. A valuation at A$1.25 = A$962.5 million.
So a valuation of JMS at 60c and A$1.2 billion means taking off the A$500m debts which makes it A$700m and allowing for OMH dilution is A$665m. That is purely comparing OMH with JMS.
We know that JMS is mainly a Manganese asset and OMH has Manganese and other Ferro interests. It is a matter of opinion as to whether JMS should IPO well above its A$0.44 buyback price due to be paid on 19th March.
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Last
15.8¢ |
Change
-0.003(1.56%) |
Mkt cap ! $318.5M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $454.9K | 2.850M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 1433082 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 313005 | 23 |
View Market Depth
No. | Vol. | Price($) |
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30 | 1422952 | 0.155 |
33 | 2489531 | 0.150 |
28 | 1524061 | 0.145 |
29 | 1969457 | 0.140 |
8 | 446932 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 286684 | 27 |
0.165 | 547577 | 14 |
0.170 | 1585543 | 16 |
0.175 | 80900 | 5 |
0.180 | 473492 | 16 |
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