RE: Get out price?7 Oct 2021 15:07
Personally, I think it will be something like 12.5% to 15% - UBS will be pushing hard for their (success) fee and the bigger the sale figure, the bigger their fee. This is being bandied as 'The Last Unconsolidated PGM Play', do not forget so Casa's 20%+ could well be plausible.
Also, the additional $15m raise implies there is more than 104.6m Oz in the JV area. $15m is 70% extra over the $20m already earmarked.
Circa £2.75 for substantially everything (proven up by WA audits - note plural)) is my take.
On a side note, I am expecting some funds from a property sale to clear late next week in my bank account and, if we remain on this fabricated bungee elastic, I will be topping-up in a big way even if it will mean a portion of my total holding is outside of a tax wrapper.
Have a nice afternoon, shipmates'.