XAM 7.58% 6.1¢ xanadu mines ltd

Ann: Drilling begins at Solenker Epithermal Gold-, page-9

  1. 1,160 Posts.
    re: Ann: Drilling begins at Solenker Epitherm... the escrowed shares have already been issued
    as per page 51 of 2011 annual report the companies capital at 1/7/10 was 49m shares which raised $15.445m
    there was then a 2 for 1 share split so these 49m became 98m shares
    this equates to 15.7c per share
    as per last quarterly there is a toatal of 186m shares of which 135m are issued,leaving 51m shares not issued
    so it is safe to assume that the escrowed shares form the bulk of ,if not all,the unlisted shares
    so 15.7cents (even though it is the average) would be close to the mark imo
    i will have another dig to see if i can find the exact number
    hope that helps
 
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