RE: Sell or hold26 Sep 2019 14:05
Ffc I put up some comments on this and the Liberum note a couple of days back, I'll try to find them.
With regard to shares issued myo suggested £250m would cover the cost of getting the shaft through the aquifers, I think that would be 6.25bn shares at 4p. Dependent on the NPV that would give an sp of whatever the figure is ( in £bn ) over 13.25?
Chris Fraser has said the NPV is £10bn, don't know how he gets that figure. Liberum did not quote an NPV to my knowledge but from memory were talking about an sp in the ranges 45p to 68p being possible, not sure when though. If we can find a way to establish an NPV and some idea of how many shares will be in issue once the shaft is derisked maybe we could try to calculate what a realistic sp could be ?