Current Cash: $10m (incl. $2m exploration costs)
Enamco payment: $32m
Offer Cash: $80m (excl. tax implications)
Shares o/s: 250m
Gross cash: $0.49/share
+ exploration upside
I agree this is positive relative to the current share price, but I question whether the $80m offer is reasonable compared to comparable relative valuations. An independent expert's report would likely conclude it was low compared to trading and transaction multiples.
Use of proceeds - How realistic is it to assume mgmt can invest the cash in another project with better prospects than the koka deposit?
china deal?, page-11
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
