From a purely takeover perspective,TAM holds cash and NST shares worth around $32m plus c/f tax losses of around $180m valued at say 20% is $36m totaling $68m. So with a current market cap at $55m, their 50k++ oz totally free carried interest (likely to end up being 25%) is not at all priced in at current prices.IMO their 25% free carried interest could be worth at least $75m+ this may be conservative given they end up holding 25% of the new / referbished plant likely to cost in $100m+, TAM share of this asset would be $25m+ at NO cost to them from my understanding of the farm-in agreement. The plant may also be larger than 150oz pa if NST is confident of increasing resources within the CTP and/or from their surrounding leases.
dyor
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From a purely takeover perspective,TAM holds cash and NST shares...
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Last
3.4¢ |
Change
0.003(9.68%) |
Mkt cap ! $39.95M |
Open | High | Low | Value | Volume |
3.1¢ | 3.4¢ | 3.1¢ | $10.92K | 348.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 65536 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.4¢ | 1000549 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65536 | 0.031 |
1 | 232303 | 0.030 |
1 | 200000 | 0.029 |
1 | 75000 | 0.027 |
1 | 384615 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1000549 | 2 |
0.036 | 223033 | 2 |
0.038 | 110000 | 2 |
0.039 | 35000 | 1 |
0.040 | 250940 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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