If POH get awarded anything above US$30m which after shareholder distribution will leave AUD$30m in the bank, we will see a significant re-rate. Primarily it will be recognised as the end of requiring cash, and capital shortage is one of the biggest hand brakes on share price. The run way will be 3-4 years and by then TPM should be rolling out $10m pa in wholesale sales alone.
All pipelines will have ample time to be licensed and some commercialised by that stage.
Now double that figure to US$60m payout and our kitty money after distribution will be over AUD$50m and any financial uncertainty will be a distant memory.
The arbitration result is a potential company maker in itself. The distribution alone could be what the share price sits at today. So I can’t see the share price anywhere near as low as 4-5c in that payout.
If POH get awarded anything above US$30m which after shareholder...
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Last
0.3¢ |
Change
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Mkt cap ! $9.507M | |||
| Open | High | Low | Value | Volume |
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Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AVE (ASX) Chart |