Allmine previously had forecast $16.5 million NPAT and $150 mil revenue in FY2012. Add the other half of CIA which equates to another $7.5 mil NPAT + $52.5 mil revenue. Potentail new forecast of $23 mil NPAT & $200 mil revenue.
DJ, I agree that this transaction is likely cash-flow related - I can't see any other reason they could possibly get such an absurdly cheap price. If the previous owners ran into cash-flow issues but Allmine can find the funds - whether through a capital raising or other - then what is the problem?
At some stage, Allmine will sort out their funding requirements. You're guessing it will be through a capital raising, but equally it could be through larger bank facilities (bonding + working capital).
AZG Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held