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Obtala Resources Share Discussion Threads
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|Not the worst day ever, eh?|
beeks of arabia
|Agreed, that's why I'm trying to figure out a valuation on the underlying asset and convert it into an "ordinary share currency"... Then we can double it to a "fair value"...|
|I would think they see a minimum upside from here of 100%, and likely a lot higher. Why else would they partake otherwise?|
|I'm not complaining as a holder... Just curious. So based on this investment, what are the new investors valuing it at, in pence per ordinary share?|
|HSR update overnight finishes off with
In light of this news we lift the limit buying price to 19p and our target to sell is 30p plus.|
|Depends on the issue price, doesn't it...|
|So you'd rather be diluted at a probable discount than a decent premium?|
|Well, why didn't they just issue more ordinary shares?|
They've raised money at a premium which will ensure they produce substantial revenues for years ahead, and we will only be diluted if the share rises.
I want more stiffing.|
|Well i like it and looks like the markets like it,next leg up anyone ;-)|
|Looks good. I agree, still that nagging feeling they are getting a bargain and existing patient shareholders are getting stiffed, but hey, it's similar to deals done by the oil majors. I'd rather have 75% of something big ...|
|Looks good to me, what's not to like?
The more I read it, the more bullish I feel. Annoyingly only have half my original holding but still a decent amount.|
beeks of arabia
|Sounds good on the face of it but the structure seems hellishly complicated to me. I hope this isn't to deceive or because they are trying to be too clever...?
|22.5% of the forestry business sold for $23m
|The only way big money comes into shares like these is via mechanisms showed in the RNS. They dont mess about picking up 100k shares here and there.
The true valuation of this company is beginning to be realised, but we are not even close yet imo.|
|Yes that came completely out of the blue, fantastic news, this is a real growth story, the market will like this update for sure.|
|This is stunning.
So Obt raise $23m for a 22.5% stake in the forestry business. This is a real valuation from investors who must have undertaken site visits and thorough due diligence. The agri business can now be put into full production. Obt own 1730 hectares of farmland, the average yield for horticultural crops is $8-12k and they can harvest 3x a year, let's say that is overly optimistic and halve it that's still 1730 x 10,000 x 3 / 2 =$26m and stick in forestry at $102m minimum. The parent company valued at $55m is completely mispriced and at these levels or even significantly higher looks a compelling investment for investors or asset gatherers. Miles Pelham is delivering on his pledge to monetise the companies assets for the benefit of shareholders of which he and the rest of the board are major holders. I am convinced there is more to come from this dynamic new board.|
("Obtala", the "Group" or the "Company")
Preference share subscription into Forestry Division
Conversion of Meradell structure
Highlights -- $14.25m investment into Argento Preference share, including $2.15m by Board members.
-- Additional potential $5m investment 'soft-circled' and currently awaiting Investment Committee approval within a major Asian based financial institution.
-- Existing Meradell financing structures to be converted into Argento Preference shares and Meradell structure unwound.
-- Currently anticipated $22.95m 2016 total investment in return for 70,322 Argento Preference shares (22.5% stake in Argento)
-- Initial targeted Preference Share raise of $10m oversubscribed and upsized to c.$19.25m, with oversubscription at that level also.
-- Proceeds to be used to accelerate the group's 312,465ha of exotic hardwood forestry business towards full production.
-- Excess new funds above $10m to be used to expand Agricultural operations.
-- Chairman Miles Pelham to invest $1.5m, CEO Paul Dolan $250k, COO Warren Deats $250k, NED Frank Scolaro $150k.|
|ps Henry, as far as I am aware, OBT has zero debt.|
|Sorry but you're in the wrong place for any fact based answers here!!|
|Just taking a look here. I assume from the header Moringa have a major stake. To save me a bit of time can anyone tell me whether its shares or debt and if its shares what is the % holding. Many thanks in advance.|