The $3.1 billion sale of Jubilee split was roughly $1 billion for Sinclair and $2.1 for Cosmos. Xstrata were then kind enough to spend another $100 million on plant and equipment and sell it back to TLM for $10 million. The fact Glencore recently sold Cosmos for $24 million with no interest to buy from TLM when surely they would have had access to negotiate is to me a sure sign TLM know what they have in Sinclair.
I'm not sure that adding Xstrata/Glencore's proceeds from drilling gives a positive ROI on $3.1 billion when sold for $34 million. I am more upbeat about what TLM can return on our $10 million investment.
The $3.1 billion sale of Jubilee split was roughly $1 billion...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $48.02M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.0¢ | $14.45K | 57.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12208 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 8000 | 1 |
View Market Depth
| Last trade - 15.46pm 02/08/2024 (20 minute delay) ? |
| TLM (ASX) Chart |