Post by
fishmillion on Jan 28, 2021 9:05am
Security
The last bonds at 250 million were secured with gib.... let assume gib is valu the same as 5 years ago.... so that means that to get an additional 150 million they had to put up florence also for security..... so that implies that flo is valued at about 300 - 350 by the book runners....
Comment by
JoeStockIQ on Jan 28, 2021 3:45pm
When you talk to the book runners, let them know that Florence is going to be a beast worth nearly 3x their value, would you please. Florence is a coming fish, that PP deal really sucked Azz but share price this time next year should be substantially higher. Plenty of time to trade the ups and downs during H1 but H2 is looking to set up very well.
Comment by
JCSunsfan on Jan 28, 2021 5:19pm
I have fish blocked, but the amount of the loan only implies the minimum value of the security put up. The security can be worth much, much more. But anyone who does any banking knows that.
Comment by
fishmillion on Jan 28, 2021 6:00pm
I will joe. .. its another step. ... here is my calc for florence value at 3.5 copper and at name plate production.. assuming c1 of 1.2 less financing interest and sustaining capitial. fcf should be 160 million. ( best case).... so 0.5/ sh.... at 4x ... is $2.0/ share ( us)... that is when things are steady state... so definitely worth a look .. just tko always have away of messing things up....
Comment by
fishmillion on Jan 28, 2021 6:06pm
It seems flo current value is 0.8 us$ ish... with upside to 2.0 us$ ish. Gib. .85... upside to ???. Might be the boat anchor for a bit.. which will kill tko if they cant get their shat together... a faltering gib during a new build is a liquidation lol