Unfortunately when you have a David and Goliath situation,even though i am sure AQC would have liked to spell out the terms , the big boys don't like making public what they pay as it can set a precedent for other negotiations where they may be able to extract a better deal with someone else. what can you do if you were AQC , tell RIO to shove off unles they want to play ball on our terms.....not likely! The major positive for AQC shareholders is that this deal was inked before coal prices took a major turm for the worse so I would hope that whatever price per tonne they agred to in the second put option , ie being able to sell RIO their 25% interest based on a per tonne basis would probably look like a world champion deal today. If you want to keep the dream alive then 75m tonnes at 50c/tonne is $37.5m plus the $45m from EPC 1827(my guestimate) gets me to 14c a share and you still have Dingo,Carlo Creek,Churchyard Creek plus another 8 or so 100% owned tenements as wells as the Cuesta Coal j/v which I am am going to add all of those up to give a rough 6c valuation and hey presto i have reached my 20c target even in the crappiest coal market for years. should coal prices get of the canvass in the next couple of months as expected, you won't be able to buy a coal stock with Rio tinto as their partner for 2c!! These will be 4-5c in my opinion very soon.
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Unfortunately when you have a David and Goliath situation,even...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.08M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 14.0¢ | $401.7K | 2.819M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 257150 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 69295 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6662 | 0.165 |
3 | 129384 | 0.160 |
2 | 26128 | 0.155 |
4 | 102903 | 0.150 |
3 | 34683 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 65000 | 2 |
0.185 | 100000 | 1 |
0.195 | 48648 | 1 |
0.200 | 18876 | 1 |
0.205 | 80000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
AQC (ASX) Chart |