RE: And HE3DA is the real deal21 Aug 2020 11:30
". On a value basis, even after adjusting for minority, the deal looks accretive with
reference to market cap and NPV metrics in our view. Our unfunded hydroxide scenario NPV is $661m,
using higher capex assumptions than EMH. Retaining our 0.5x multiple and applying the 49% minority still
kicks out an unfunded NAV of $169m (80p/sh) even before considering a reduction in the risk discount to
reflect a project funded through to a construction decision. EMH is not short of value in Cinovec and the
current Mkt cap remains unchallenging in our view. We will update our numbers in due course."
part of the Shard report , I wonder what their update would be then? 80p back in March before being funded through to construction,??? and then what after loans and grants to build???. speculation ????
if I had any spare cash I would be buying too.