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
17.3¢ |
Change
0.003(1.47%) |
Mkt cap ! $333.2M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.3¢ | $355.3K | 1.994M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 522415 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 70089 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 522417 | 0.170 |
16 | 465509 | 0.165 |
22 | 1356319 | 0.160 |
17 | 1213124 | 0.155 |
37 | 2319922 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 19036 | 2 |
0.180 | 344597 | 11 |
0.185 | 1009685 | 25 |
0.190 | 1267930 | 9 |
0.195 | 377325 | 4 |
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