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$4.93 tribune resources limited

Ann: NST: Northern Star makes $150M offer for 49% stake in EKJV, page-31

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eshmun

11,185 Posts.

2609

15/11/18

16:01

Post #: 36519993
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Originally posted by worzel1 ↑

Esh

NST are trying to buy the remaining share of the EKJV.... not TBR as a company..... so they are actually buying far more profitability than you are using in your figures. It's the per oz margin times the oz's produced. There will be no additional costs.

On my figures that is 110kozs at a $700 per oz profit giving $77M per year straight to their bottom line.

At a multiple of 25 that's $1.9B for the whole, or $1.45B for TBR's direct ownership.

Like you say, selling an asset for $150M that the market values in NST's hands at $1.9B makes no sense on any level.

Expand

Maybe you can stop cheering on our “friend” Wreck if Ralph now and get behind the companies and board that created this first class asset in the first place.

That’s if you actually own any shares and care about the company’s continuing existence. Esh

TBR Price at posting: $4.90 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $4.93		Change 0.000(0.00%)		Mkt cap ! $230.8M

Open	High	Low	Value	Volume
$5.00	$5.00	$4.93	$8.398K	1.69K

Buyers (Bids)

No.	Vol.	Price($)
2	462	$4.93

Sellers (Offers)

Price($)	Vol.	No.
$5.00	4864	4

View Market Depth

No.	Vol.	Price($)
1	1100	4.850
1	2079	4.800
2	2250	4.600
1	538	4.500
1	550	4.310

Price($)	Vol.	No.
4.960	1	1
4.970	2	1
5.120	1000	1
5.200	200	1
5.500	100	1

Last trade - 16.10pm 22/11/2024 (20 minute delay)

TBR (ASX) Chart

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