SRL
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1.19% 41.5¢ sunrise energy metals limited

Ann: Demerger Booklet, page-5

  1. cjlcowled
    2,471 Posts.
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    17/05/21
    09:49
    Post #: 53213777
    So, it's 1 CNQ share for every 2 SRL shares. CNQ will have $15m cash and about 45m SOI. So, 33cps would be a reasonable floor for the CNQ share price following the demerger and SRL share price should devalue by at least 17cps. My expectation is 50cps for CNQ and a 25cps drop in SRL.
    SRL Price at posting: $2.53 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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41.5¢ 		Change
-0.005(1.19%) 		Mkt cap ! $37.89M
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43.0¢ 43.0¢ 41.5¢ $25.25K 60.23K

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