CTO citigold corporation limited
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Ann: GML: CTO: Citigold Takeover Bid for Gateway , page-8

  1. champ2003
    12,639 Posts.
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    03/07/09
    21:07
    Post #: 5356242
    re: Ann: GML: CTO: Citigold Takeover Bid for ... >On todays closing price and assuming that they do what I fear, the new shares would have a theoretical value of $1-70. A mighty lot to ask.

    Hi Karlene,

    Don't go by the share price. Go by the market cap as that is what show's a companies value.

    Therefore $1 wouldn't be a mighty lot to ask as it would cater for exactly the same market cap that the company had pre share re-construction if it ever does take place.

    CTO Price at posting: 17.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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