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28-08-2014, 05:56 PM
(28-08-2014, 11:08 AM)learner88 Wrote: Linc Energy CEO: Singapore listing was a strategic move - http://www.cnbc.com/id/101935644
The man behind Linc Energy's comeback - http://video.cnbc.com/gallery/?video=3000304536
LINC ENERGY AGREES TO SELL ITS CARMICHAEL MINE ROYALTY TO ADANI FOR AU$155M
Unfortunately, Mr Bond decides to cash in early on the Carmichael mine royalty. AUD 155M is S$180.5M, which is 31c/share. Based on psolhawk's model, it seems that Mr Bond used a much higher discount rate of 30% to discount the future cashflow for the mine.
This is a tad disappointing. Although I have not invested in this company, this somehow speaks volumes of what Mr Bond thinks of his assets. Good assets like this royalty is worth 20% of what we estimate it to be. Great assets that he is keeping could also be worth significantly lesser than what we make it out to be.
It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. –George Lorimer