VAN
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0.00% 4.7¢ vango mining limited

opportunity knocking !, page-29

  1. boomeronrations
    6,859 Posts.
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    19/05/11
    23:58
    Post #: 8426945
    Hi MF,
    Having a bit of a struggle getting my mind around a possible 50c if ccd comes thru.
    Happy to be corrected if I am wrong.

    CCD has about 250mill shares
    10% of that about 25 mill.
    ORD about 470 mill.
    40c profit a share for ORD, would imply a profit on the option of $190mill?
    Or about $7 to $8 increase, per share, for CCD after the takeover, if it comes off of course?



    All figures a bit rough and ready.
    VAN Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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