If there was a full TO on Monday at 13c (i.e. industry standard ~30% TO premium to current SP) it would cost min. USD$548M
(Calculated using EV formula: market cap USD$161 (AUD$167M+30% premium)+US$387M of debt ($212M:3/2017CB +$150M:3/20CB+$25M facilities repayment)-approx.$25M cash)
The figure could be higher pending outcomes of EDF discussions with PDN on renegotiation of $200M 2019-24 pre-paid off-take agreement (61% of Michelin currently earmarked as surety against this commitment)
It could also drop quickly if/when (a) the LHM deal is finalised, and/or (b) the PoU rises substantially (particularly if to such an extent Kayelekera once again becomes viable, i.e. $75/lb)
Where to from here shareholders, page-75
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Last
$11.87 |
Change
0.020(0.17%) |
Mkt cap ! $3.550B | |||
| Open | High | Low | Value | Volume |
| $11.83 | $11.92 | $11.72 | $21.23M | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 687 | $11.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.87 | 441 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |