on previous calculations posted here would work out to be around 19c ps if the full $68 mill was used to buy an increased 16.9 % stake
so would expect it to trade somewhere around there. Great for those who got in at 3c. Not so great for Long term holders who entered at much higher levels, however this would include the directors. So we'll have to wait and see.
This would effectively value the company at $400Mil
Only problem is when initial details were announced in Jan it didn't fly, we were at similar levels and we fell off a cliff.
If they announce something they better get it right.
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- looks like valad will be the next one in the q
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looks like valad will be the next one in the q, page-4
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