What is Atlantic's implied MC, given the expectation that PLL will go to 50% after spending another 150m AUD?
SP = .675
Shares outstanding = 605.74m
Fully-diluted MC = 409m AUD
PLL currently hold 9.9% (60m shares)
To increase PLL to 50%, Atlantic will need to issue extra shares, proportionately (1 - (0.099 *2))
i.e. another 80.2% of 605.74m = 486m more shares
PLL then hold 60 + 486 = 546m, or 50% of new total shares outstanding 1092m
This gives an implied, fully diluted MC of 736.8m AUD
Is this the correct way to calculate?
What is Atlantic's implied MC, given the expectation that PLL...
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