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
37.0¢ |
Change
0.040(12.1%) |
Mkt cap ! $725.0M |
Open | High | Low | Value | Volume |
34.0¢ | 41.0¢ | 33.5¢ | $15.16M | 40.68M |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 511821 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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37.5¢ | 342423 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 511821 | 0.370 |
10 | 332544 | 0.365 |
8 | 316183 | 0.360 |
2 | 76434 | 0.355 |
15 | 520469 | 0.350 |
Price($) | Vol. | No. |
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0.375 | 315423 | 6 |
0.380 | 396934 | 3 |
0.385 | 454743 | 6 |
0.390 | 901833 | 12 |
0.395 | 800138 | 8 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
37.5¢ |
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Change
0.040 ( 14.2 %) |
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Open | High | Low | Volume | ||
33.0¢ | 41.0¢ | 33.0¢ | 14344121 | ||
Last updated 15.59pm 13/05/2024 ? |
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