Apologies to all if my previous numbers were incorrect. I used ANZ Etrade figures for Market Caps which looks to be at odds with those figure quoted on Hot Copper. Subsequently I've revised the figures which now tend to agree with those posted by
@serge83 after my previous post on the topic. Here are the revised numbers:
MXC = $55 m (approx. 1200 m shares issued)
AC8 = $158 m (approx. 270 m shares issued)
ZLD = $69 m (approx. 750 m shares issued)
CAN = $134 m (approx. 108 m shares issued)
CPH = $46 m (approx. 91 m shares issued)
THC = $40 m (approx. 128 m shares issued)
Suffice to say that MXC has significantly more shares on issue than any of the other companies listed above, which IMO would explain why the share price is so much lower, though I would argue not undervalued at present....unfortunately.
