less than a quarter cash left.
IPO wont get off ground unless significant further watering down of existing sh. I suspect that the fat controller will be issued enough shares gratis to keep it at 30% .... hence other sh take the hit.
And here is my next prediction. After IPO , value of shares materially less than what it was when we had no mine and just cash and recievables. Im thinking around 10c after IPO
Would i be interested in investing into an IPO based upon current information , sadly no.
If it ever relists , I will probably hold as it wont be worth much now.
Having said that , anyone want a small parcel of around 24000 shares @8c ?
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