traded at 9.9c today? two days of upwards movement.
hopefully this thing keeps rising. Strong buying on bid.
back to IPO of 20c would be nice.
It has the fundamentals 900,000T @US$3/ ton = US$2.7m convert to A$2.7 factoring in wages and taxes etc.
P/e of 8
shares on issue approx 80m (undiluted)
stock worth $0.27.
Include options exercised (fully diluted), and looking at SP of 15c.
Happy for somewhere in between say 19-22c.
