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
33.0¢ |
Change
0.035(11.9%) |
Mkt cap ! $646.6M |
Open | High | Low | Value | Volume |
30.0¢ | 33.0¢ | 30.0¢ | $7.001M | 22.05M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 103000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.5¢ | 229115 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.325 |
2 | 15000 | 0.320 |
2 | 53174 | 0.315 |
1 | 8065 | 0.310 |
1 | 10491 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 166777 | 4 |
0.340 | 542509 | 6 |
0.345 | 2790000 | 9 |
0.350 | 796627 | 14 |
0.355 | 36000 | 3 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
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Change
0.035 ( 10.9 %) |
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Open | High | Low | Volume | ||
30.5¢ | 33.0¢ | 30.0¢ | 4334500 | ||
Last updated 15.59pm 10/05/2024 ? |
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