HGV 0.00% 5.1¢ hygrovest limited

Ann: Harvest One Operational Update, page-12

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 352 Posts.
    lightbulb Created with Sketch. 5
    Briefly, and then the latter.

    So assuming the 59% in the ann is right and true... lets update the maths -

    MMJ: Shares on issue = 212,590,000 (approx) - https://www.marketindex.com.au/asx/mmj
    MMJ @ $0.58 MC = AUD$123M (approx)

    HVST: Shares on issue = 109,372,102 - https://web.tmxmoney.com/quote.php?qm_symbol=hvst
    @ $2.03, MC = CAD$222M (approx) = AUD$228 (where CAD$1 = AUD$1.03

    If MMJ owns 59% (as stated in the announcement), that means the asset value of MMJ's HVST shares is AUD$134.5M.

    Add the weed.me $2M, the ESE $750K - MMJ asset value in investments is $137.25M
    Cash on hand? Lets be unrealistically pessimistic and say its zero.

    Seems the value of PTL is now AUD$ -14.25M (yep, that's a negative)

    Can someone pay me $14M to take it off their hands?

    TL;DR - The ASX is a freaking joke.
 
watchlist Created with Sketch. Add HGV (ASX) to my watchlist
(20min delay)
Last
5.1¢
Change
0.000(0.00%)
Mkt cap ! $10.72M
Open High Low Value Volume
5.2¢ 5.2¢ 5.1¢ $12.78K 245.9K

Buyers (Bids)

No. Vol. Price($)
3 799773 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 9999 1
View Market Depth
Last trade - 15.27pm 11/10/2024 (20 minute delay) ?
HGV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.