sale of 25% interest in bowland prospect, page-41

So where are we going to go from here.

Pretty new to all this so the following could be complete rubbish but bare with me:

Current value = $229.44M / $1.6 = 143.4M shares
Credit Raising = $148.8M / $1.2 = 124M shares

After credit raising at current price
Total Value = $378.24M / 267.4M shares = $1.41 / share

Over the next few days some new players will try and get in on this and get the benefit of the credit raising option.

Say price increases to $2.00 and you buy 10000 shares and then capitalise on the credit raising

$2.00 x 10000 = $20,000
10000 / 1.25 = 8000 x $1.2 = $9,600

Total outlay = $29,600 for 18000 shares = $1.64 / share

Assuming price will drop after Wednesday again back down to about say $1.69 (1.41 + 20%) $1.64 / share still looks like a good price. 20% is just a pure guess, perhaps it's be higher or lower.


For those currently holding based on the above scenario.
Say 10,000 shares increase to value of $20,000 and you don't take up the option, you end up back at $1.64 / share. Would feel a bit like being left behind even after all the good news

Take up the option and you end up with
10000 x $1.64 = $16,400
8000 x $1.2 = $9,600

Equals average share price of $1.44 / share
14% better off than not taking the option


After all that dribble I thinking we'll see $2 plus this coming few days and then a drop over the medium term once the credit rating is complete