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...
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $40.48M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $23.64K | 115.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23170 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 7118 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLM (ASX) Chart |