Not to worry mate. So if that is indeed what's playing out with the raise , then if we just run through some back of the envelope calc's here.If we firstly were to assume that ALL 240,000,000 million shares issued in February 2022 at 1.1 cents , and then added this 489,000,000 being raised at .0045 cents , then the ' Average ' price per share raised based on the say $2,400,000 raised at 1.1 and the $2,200,500 being raised at .0045 cents would be $4,600,500 / 729,000,000 = .0063107 average.So let's just call it 6.25 - 6.5 cents to get the assumed ' collective ' of Spoh's out at their break-even.But what's even more interesting from there if we simply look at the dilutionary effect across a sequence of re-rated market cap valuations based on the SOI now PLUS the suggested 489 million NEW shares.If we say look at a $30 million .....> $45 million .....> $60 million escalated milestone project valuations .So at $30 million with the current 2,733,551,728 total shares on issue we have a projected SP at $30 million of 1.1 cents , at $45 million 1.65 cents , and at $60 million would be 2.2 cents or a NEW all time high SP.So then when you add the 489 million you get a 15.2% dilution on the increase to total SOI of 3,222,551,728 and a NEW SP valuation trajectory of around .00925 cents at $30 million MC , 1.4 cents at $45 million , and .1.85 - 1.875 cents at the $60 million market cap valuation.So my point here is that while on paper , it would appear the .0045 cent suggested cap raise SP is a 25% discount to the last trade price of .006 cents , and even greater discount at .007 cents , the dilution to the SOI and potential subsequent project values at any given price point is more likely only 15%.And so that difference and the fact that the Soph's participation across 2 raises and 1 year is averaged at ABOVE the last trade price at point 625 - point 65 of a cent and NOT at the .006 level would seem to set up the raise more for success than disappointment I would think.I guess we'll see , but whenever you are getting the shares at a price ALREADY below the average over TWO significant raises including what Directors have contributed PLUS getting them at much less than what the Company even paid for these projects , you'd have to argue that you are doing extremely well to get set at these prices.So you could say that it is almost priced for ' perfection '......
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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24 | 22704743 | 0.003 |
21 | 27727936 | 0.002 |
16 | 34072860 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 19067753 | 28 |
0.006 | 17508324 | 14 |
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