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Bondi Mining beruft für den 12.11. eine aoHV ein um den Buffalo Deal durchzuwinken.
http://www.asx.com.au/asx/research/....llinfo=on&asxCode=BOM
Als Vorbereitung auf die HV gibt es eine unabhängige Analyse des Aktienwertes vor und nach der Transaktion auf Seite 40:
http://www.asx.com.au/asx/statistic....mentPDF.do?idsID=00767433
Valuation of Bondi after the Announcement of the Proposed Transaction
We have determined a valuation of Bondi following the announcement of the Proposed
Transaction utilising the share history valuation methodology.
A table of the share price history of Bondi from 28 December 2006 to 17 September
2007 is presented in Appendix C-2. The table in this Appendix shows the share trading
before and after the announcement of the Proposed Transaction. We consider that the
impact of the Proposed Transaction has been reflected in the movements in the share
price in the 4 to 6 weeks following the announcement and that after that date movements
in the price of uranium and other general market factors may have had an impact on the
price. For this reason we comment on the share trading from 14 May to 30 June 2007
below.
Share Volumes
Trading volumes for the first 2 days following the announcement totalled just over
1,500,000 (1,140,179 on 14 May and 416,904 on 15 May) and in the period from 15 May
to 30 June 2007 the daily volumes traded have fallen to an average of approximately
110,000 per day.
Share Prices
Share prices between 14 May and 30 June 2007 have varied between a low of $0.48 (19
June 2007) and a high of $0.85 (14 May 2007).
The volume weighted average price of the Bondi shares from 14 May to 30 June 2007
was $0.628.
Summary – Share Price History
Based on the above information, we have formed the opinion that the Bondi shares have
a market value of $0.628 per share subsequent to the announcement of the Proposed
Transaction. As Bondi has 32,900,000 ordinary shares on issue, Bondi may be valued at
$20,661,200 subsequent to the announcement of the Proposed Transaction.
11. Control Premium
A control premium represents the difference between the price which would have to be
paid for a share to which a controlling interest attaches and the price at which a share
which does not carry with it control of the company could be acquired.
The control premium represents the increase in the value of the Bondi shareholders
interests in Bondi before and after the Proposed Transaction. In Section 7.7 we valued
Bondi in a range of $12,440,000 to $14,770,000 (mid point $13,605,000) and following
the announcement of the Proposed Transaction we valued Bondi in Section 10 above at
$20,661,200. The difference between the $13,605,000 and the $20,661,200 of
$7,056,200 represents the control premium that Buffalo is effectively paying to acquire
their 43.2% interest in Bondi.
Das bedeutet der BUF Anteil an Bondi wird mit 43,2% von $20,661,200 = 8,926 Mio$ bewertet.
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