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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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $14.51M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $954 | 9.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18910 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 68480 | 2 |
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| Last trade - 11.54am 03/07/2024 (20 minute delay) ? |
| SOC (ASX) Chart |