Ann: Landmark Deal On Costs - Mining Back On, page-63

Some of you are confusing cash at bank per share, EPS and MCper share.

Amatuers!

5B new shares x 8c = $400M cash additional plus the~ $130M cash at bank now total cash at bank $530M, debt of $350M = +$180M cash after debt = 3c net cash per share

3c x 14 std variable market value multiple = 42c SP
OR
$530M/6B shares =8.8c gross cash per share x 4-20 std multiple for cash
so = 35c-$1.76c SP
OR
EPS, based on 0 debt and profitable production of 3.3c pershare x PE ratio std of 14 = 46c SP

Apple Inc has 1-4 cash to Mcap, Twitter has 1-60,
std muliple PE Ratio is 14-1 on earnings, cash to MC is normally 10-1,

On all these ratios with the dilution the SP is undervbalued substantially. 12c is less than liquidation value. If you have cash at bank 5 times larger than the MC then thats a ratio of 0.20 cash to book. Incredible, forget twitters 60.0 or Apples 4.0 ratio.

That $400M extra cash will Boost the Cash ratio and wipe out the blance sheet cash to debt ratio in 1 full swoop. You guys still dont get it. The larger the CR the better, this CR covers the whole debt, its a hammer over the head of the creditors and a permanant lifeline for the new AGO mark 3.

You have to BUY shares in the CR and at open to average down, simple. Then wait for that rocket ride on reopen, 1-2 bagger, i thought less but with this announcement its massively bullish for AGO on reopen.

Cash is KING! Cash at bank higher than debt is MUSCLE!