RE: Share talk30 Nov 2021 21:03
…and this quote was in TPI Research note too, ‘now being finalised’
In this respect, it is worth recalling that on 25 February 2021 TPI published an updated assessment of Alien. This individually assessed each of the Group’s continuing projects, from which it derived a sum-of-parts upside valuation of £82.9 million. Hamersley dominated these, contributing some £61.2 million of the total. Subsequently, of course, Alien announced negotiations were underway in order to take its holding in the Brockman and Han**** Ranges projects from 51% to 90% through a cash and shares transaction; now being finalised, this transaction clearly presents opportunity to boost this figure beyond that indicated in the original assessment.