If you read the release it says SOC owns 72% of Mt Adrah. They have 41,825,000 shares in Mt Adrah. So 100% would equal approx 58m shares. 20c IPO would equate to $11.6m before $2/$3m is raised, which is roughly the same value that AceA contributed at before the $2m was spent.
ipo valuation around $11.5m
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11.0¢ |
Change
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Mkt cap ! $15.20M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45133 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 93110 | 3 |
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