It is my feeling that MSC has acquired El Paso's share for much less than I originally thought. MSC had the upper hand as we were able to hold out for a very long time and eventually it was El Paso that requested the final mediation. We played it tough and I think the price will turn out to be very favourable ($50m- $60m). If that is the case then keeping about $50m debt on Sengkang we will be able to return about $50m from the trust a/c after paying for the expansion. In that case 50% of Sengkang only cost us about a net $5m. Servicing $50m debt on Sengkang will cost about $4m/yr when ofter expansion revenue will be ~$30m/yr. NETT PROFIT on Sengkang will be ~$26m/yr. The $5m Sengkang cost will be paid back almost immediately and MSC will be debt free if they want.
With revenue from elsewhere nett profit should be $30m/yr. Only about 3c/shr but with the growth associated with all the new projects a pe of 30 would not be unreasonable. I say a sp of at least 90c within a few years. I think there are people in the know with this knowledge and thus the very strong sp.
If you doubt my estimations just look at the accuracy of all my posts in the past. Never wrong (except timing perhaps). For those who doubted me BAD LUCK.
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It is my feeling that MSC has acquired El Paso's share for much...
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Last
6.3¢ |
Change
0.003(5.00%) |
Mkt cap ! $193.9M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.1¢ | $7.811K | 125.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81993 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 29732 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81993 | 0.062 |
2 | 68435 | 0.061 |
2 | 325000 | 0.060 |
2 | 766965 | 0.059 |
1 | 10081 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 29732 | 1 |
0.065 | 134999 | 3 |
0.066 | 50000 | 1 |
0.071 | 12400 | 1 |
0.072 | 25000 | 1 |
Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
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EVR
EV RESOURCES LTD
Shane Menere, Non-Executive Chairman
Shane Menere
Non-Executive Chairman
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