jctl,
I approach it another way, using the current market valuation of 8.2c and working backwards, came up with a more conservative figure for non TO and a TO situation.
Of course, if we do PE, then your model will be the way to go. But unfortunately ATM, the market price is 8.2c. But I think i'll accept 40c.
Column 1 0 Currently before PE and SNE alone 1 2 15% of 640 mil (2C)=96 mil B 3 Recovery @ 17% currently 4 SP 8.2c 5 6 If Recovery is 40% 7 SP should be (40/17)*8.2 8 19.2c 9 10 If the reserve upgrade gets to CN's prediction of 1 Bil 11 Then we should be looking at a SP of (1000/640)*19.2 12 30.1c 13 14 This is just SNE alone. 15 We now have A2 A5 and possible DJ and the rest as in Kenya etc. 16 Just A2 and A5 is well worth a normal TO premium of 30% 17 18 So, PC, for being such a nice guy, 40c now before the rest of the world gets to hear it. You better hurry, cause if you don’t we might decide to take your 35% off you at 2.20/B and you’ll be worse off. 19 20 Oh, save cost and time, there is no need for due diligence, as you are already familiar with those figures.
- Forums
- ASX - By Stock
- FAR
- The true value of FAR
The true value of FAR, page-65
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27749 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 10897 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27749 | 0.485 |
3 | 83930 | 0.480 |
3 | 85000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 10005 | 1 |
0.505 | 10000 | 1 |
0.510 | 69689 | 1 |
0.515 | 2239 | 1 |
0.520 | 30000 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |