EMR emerald resources nl

Ann: Change in substantial holding, page-9

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    In the great CR of December 2018 each director had an entitlement of 133,333,333 shares at $0.03 c/ps
    *Morgan, Ross and Simon took up their full entitlement at a cost of $4 million each.
    Mick took up 6,666,667 shares at a cost of $200k
    These figures are pre consolidation values.
    *Nevertheless it still cost them $4 million each.
    Here is an Excell table I made at the time, linked to the live price, showing their current profits on those investments.
    (Pre ConsolidationDirectors Shares Post Consolidation
    Multiply by 10)Number@CostCurrent ValueProfitPrice
    Simon Morgan Ross.13,333,333 0.30$4,000,000 $23,466,667 $19,466,667 1.76
    Mick666,667 0.30$200,000$1,173,333 $973,333 1.76

    Nice profits indeed. Money makes money. $$$$$$$

    I took up the maximum tranche for an ordinary holder of 500,000 shares at 3c, cost $15,000 (Pre consolidation)
    Post consolidation it's now 50,000 at $1.75 Cost still $15,000. Value today $87,500. Profit $72,500.
    Nice work..eh? $$$$ Show me the money !!
 
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