It is important to consider current market caps of DCX-about 33.4 M and CNB about 159.3 M.
DCX has over 2.5 billion shares on issue. Even if it is free carried -17.5% value of this major discovery it is not worth overpaying for it.
If one disregards any other assets that CNB possesses ,DCX should not be worth more than 40 M market cap= 1.5 cents a share.
Ann: CNB: MAJOR COPPER GOLD DISCOVERY [email protected]% Cu Inc [email protected]% Cu, page-108
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Last
10.0¢ |
Change
0.005(5.26%) |
Mkt cap ! $14.26M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.5¢ | $9.973K | 101.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99180 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 107297 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LAT (ASX) Chart |