GB77 sure HOPU paid 36.67c per share (2 x .42c + .26 c / 3 = 36.67c)
However, the CR net avg formula is " Cash raised divide by new shares issued = net avg price"
The UEO is $144 m of which $50m was filled in the INSTO with $94m still to come for the REO.
UEO $144m / 26c = 553.8m shares
HOPU Placement ~$61m / 42c = ~149m shares
Placement/UEO raises $205m / 702.8m new shares = 29.16c net avg price
So what is the new company value
Old PDN value was ~960m shares x ~38c = $364.8m
New PDN share avg ($364.8m + $205m) / (960m + 702.8m) = 34.26c
OR $569.8m / 1662.8m shares = 34.26c
Maybe a 1 for 10 consolidation is coming to reduce the issued shares total. Bigjoe will see it above a $1 but not how he imagined.
PDN Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)