I realized I didn't really go into detail on my punt:
With the removal of immediate uncertainty over debts I think the period that most closely resembles today is April-June 2014 (actually a bit pessimistic give the improved margins per lb it's probably more like end of 2013)
At that time the SP was about 40c, the debt was a few years away but the U climate was pretty negative, toxic even.
So based on this and the swap of debt for equity I'm assuming a market cap of about $800M and with 6.5 billion shares on issue that comes in about 12c or $1.20 after consolidation.
Please feel free to rip my reasoning asunder - with FACT based arguments, preferebly referenced if contentious.
Best guess: SP if the restructure goes through, page-31
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$13.88 |
Change
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Mkt cap ! $4.130B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $13.88 | $13.62 | $19.62M | 1.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7146 | $13.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.88 | 8473 | 18 |
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