Can someone provide some information on where all the added value has com from since July 19 when the scheme was approved. GBG was trading in the range 2.8-2.9c prior to delisting. Of that 2.6c was cash returned to shareholders. So there was an implied value of 0.03 cents per share for what is now COD.
I know at some point there was a share consolidation. I think it was 1 for 10, but may be wrong as I have not followed closely. But assuming it was 1 for 10, that puts a market implied value of 3c per share for COD back in Jul 19.
I know COD have been burning cash over the last 15 months and some of that burn could result in the increased value of the company, i.e. research over it's exploration leases. But where has the bulk of the added value come from over the last 15 months?
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