RE:RE:RE:RE:RE:RE:RE:Upsizing of Initial Public Offering to $150 MillionLOL this is a corrupt govt funded company with flat share price for 5 years in a county transitioning to a facisist 3rd world country with infrastructure and education levels embarassing even for African countries. Market access to 450 MN people at 40 % discount ...only welfare fueled Canadians and their very poor educations would be so stupid to buy this cirrupr asset stripping gong show run by trade school grads and money laundering lawyers
fauxtomato wrote: Just doing the math in my head, if TWM owns about 25M shares of LCFS out of 36M total, their holdings are worth about $375M. Which is about 80% of the market cap of TWM at about $450.
Numbers may not be exactly accurate but I think it's in the ballpark. If you back out the cash payment from LCFS you get an EV of just over $1B, but if you back out their equity in LCFS the rest of TWM is worth about $700M.
The Pipestone gas plant alone is probably worth $300M.