... and if we work on 400 million shares on issue (yes, I know, I just can't be bothered right now to check the actual figures after taking into account existing options, proposed options, the 15% CR, the second tranche placement, and the SPP), we have a price of 50 cents per share.
Even allowing for general market sentiment and the uncertainty around the scoping study and so forth, this is looking very cheap right now (and for that reason, I said the heck with it, and bought another $2000 worth this morning). If only the management concerns could be cleared up; that's the major brake I can see right now, and the reason my sentiment hasn't improved significantly.
wow, page-59
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