A few issues Raks to be mindful of:
(1) Congo Copper if it lists at 10p will be capitalised at around 76mill AUD. It will have raised 4.2mill pounds or say 10millAUD. This effectively means that the plant is valued at 66millAUD. For this to be valid, I truly hope they have started spending money to upgrade the plant and come out soon with some earnings guidance to back up the 66mill valuation on the plant.
(2) I assume the shares NWA owns in Congo Copper will be in escrow for a while, so its not a saleable asset.
Hopefully we will get some news soon which justifies the recent buying interest.
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