Post by
DaveG999 on Feb 24, 2022 4:29pm
AEM pro forma results
Anybody good at accounting? I didn't see a pro forma q4 financial report for the combined entity, nor Q4 financials from KL. But AEM did project 3mm+ oz production for this year
So using KL's Q3 net income for this excercise of $254 million and then dividing that by the new full share count of 480 mm produces an additional s 52 cents a share to the 46 that they reported - if the merger had already taken place.
So that would be 96 cents, say $4 a share for the year.
Is there something I'm missing- other than the fact that it's not KL's Q4 in this calculation?
Comment by
DudeRancher1953 on Feb 25, 2022 11:54am
The only pro forma that I am aware of was the one included in the merger circular - see SEDAR document filed on Nov 1 and dated Oct 29. In the last appendix N, there is a pro forma income statement for the first 6 months of 2021. It shows consilidated EPS per diluted share of $1.47. A quick doubling with no adjustments for production or gold price gives us $2.94 per share.