LB, here was your book value in Aug, now it’s 41c?
little Mo...of course as usual..check between the floor boards!!!! ..the $150 million is in US dollars..so at present exchange rates of .64....US $150 is worth A$ 234 million.this means when received its worth almost 50c increase in book value ...so if A$1 is the Australian share price 1.3 times book then with the grant Approx 77c plus approx 50c is equal toApprox $1.27..so twice book is now approx .$2.50 and three times book ie through the dynamics gives us a price target of Approx A$...in Australian dollars Approx $3.87.
Just a little bountiful refresher!!!
Now would you really want to be Short????
All the best to All
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