Agree this stock is well undervalued. I have been monitoring for a while but have not purchased yet. Obviously missed out on options in the capital raising but at this price it seems like a good time to enter.
As for the cash backing, I think they had close to $15 million in cash after the capital raising, so assuming they get $23 million from the Cape sale, that leaves $38 million. Divide that by the shares on issue (933 million) we have 4.1 cents (rounded). Or am I missing something here?
patersons new report - 10.8c valuation, page-9
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.927M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| VMG (ASX) Chart |
Day chart unavailable