IMO any dilution of shares will be minimal due to the increased cash.
Currently we have around $30M in the bank
If the figures are correct we will add another $22.5M on full take up. But shares go from 600M to 900M. So there is a higher rate of cash per share.
At the moment with 600M and $30M we have 5c per share.
With 900M shares and $52M in the bank we would have ~5.75c per share, so it's improved.
At 600M shares worth 10.5c each, at our last trading we had a cap of $60M, and each of those shares, worth 10c was back up with 5c in the bank. Our other assets were valued by the share market at $30M.
At 900M shares worth 7.5c each (for example), we would have a market cap of $67.5M with $50M in the bank. That's an amazing ratio.
Looking at it another way, if we assume the market continues to value our non-cash assets at $30M, we should have a market cap of ~ $82M, so that would mean ~9c per share.
- Karl
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5.2¢ |
Change
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Mkt cap ! $38.75M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.2¢ | $14.31K | 272.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 472516 | 5.1¢ |
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Price($) | Vol. | No. |
---|---|---|
5.4¢ | 325000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 472516 | 0.051 |
3 | 550000 | 0.050 |
2 | 255000 | 0.049 |
2 | 263952 | 0.048 |
1 | 150000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 325000 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 570046 | 3 |
0.059 | 519508 | 2 |
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