WAL 0.00% 0.6¢ wavenet international limited

gold prospect clr holding & valuation.

  1. 1,403 Posts.
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    Just out of curiosity please find below my back of the envelope calculation for WAL.

    March Holding in CLR Shares 55,512,710 @ $0.64 = $9.869 Mil.
    Company offices $1.131 Mil.
    50% winery etc Valuations from $8.0 Mil to $17 Mil say $4.0 Mil.
    Positive Gold prospect in Indonesia say $ NIL.
    Coal Tenements in QLD Say $ NIL.

    Total $14.998 Mil.
    Shares on Issue 55,512,710
    Valuation $0.27 cents per share.

    Current share price $0.10.

    Considering CLR has dropped from over $1.00 and it has been suggested that CLR is a takeover target also the Indonesian gold project I see WAL as a frustrating HOLD.

    Any comments please.

    Please DYOR.
 
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