red bore history, page-3

http://hfgapps.hubb.com/asxtools/Ch...&pma1=0&pma2=0&volumeInd=9&vma=0&TimeFrame=M5

in October 2010 thx price was around 40c, so if there was 150m shares then max 60 m could be attributed to the other assets which are not counted any more
http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=thx&timeframe=Y&year=2010

SP then took off, I recall asking the Broker why and he said Red Bore SFR factor and I payed 70c

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=thx&timeframe=Y&year=2010

they went up to $1 before the argument with Mr Richmont (I wish him to become as rich as Clive now)

So @ $1 then there was 150 m value less 60 m for the other assets = 90 m attributed to 60% of Red Bore

then 90% Redd Bore = 145m

we have 250m share so if the result is really good the lift from 145 to 250 would give us $1 again

and 59 =125m is still than implied value of Red Bore then

and of course we may have a bad luck and there is not going to be much of a lift or even a sell off

it is a speculative holdings after all