CMY 0.00% 0.5¢ capital mining limited

Ann: Trading Halt-CMY.AX, page-31

  1. 268 Posts.
    Whats interesting is in the AFR article they have revised the valuation of VAMP from $40m to $20m.

    CMY currently has 861,927,274 shares outstanding post the recent placement with options. Given the options I feel this would have been to the person involved in the transaction.

    $20,000,000/861,927,274 = $0.023.

    2.3c would exceed the 2c ASX relisting requirements and therefore a consolidation may not be required.

    At 3c it would value VAMP at circa $25.8m. Given the IPO was initially thought to be at a valuation of $40m this would be achievable.

    Hence why this could easily have a PSF type run if it is in fact VAMP. All IMO.

    Very quick turnaround if it does in fact end up being VAMP. If it is VAMP I will expect a lot of those chunky ask placement sell orders to be pulled on announcement.....We wait and hope. It will run hard I think if its VAMP.
    Last edited by simplygreg: 30/04/16
 
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