Valuation20 Mar 2024 07:13
In reference paper: « The offer is worth up to approximately $64 million, which implies a valuation of $805 million for 100% of the issued share capital of Impact. » Reminder : Impact has 9.5% of Venus.
If we use this deal as an analogue (same region, play and operator) this would value Eco 6.5% stake at 550M$, as compared to a current market cap of 35M£ (45M$). These numbers provide an order of magnitude not a precise target.