PRH 0.00% 0.5¢ phillips river mining limited

Ann: Becoming a substantial holder , page-13

  1. 1,594 Posts.
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    Correction: PRH shares at current 25 cent value, will receive SLR shares at roughly $2.83. Gee, hope my back of the envelope is correct, but that is a very cheap entry into SLR. That would be a very good entry point based on today's prices.....but I guess there is risk. I'm selling my SAR, which has been a disaster anyway, to buy some more PRH on open. Am I correct with my calculations?!
 
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Currently unlisted public company.

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