You may be right The Adviser. My calculation is based on the cash per share after the deal. Let say if NMDC pay 20c/share for 50% stake via new share. LCY will issue the same amount of shares it has at the moment to NMDC. The cash value per new share will be 10c/share. Using 10c cash + asset + premium we will come at the new LCY market cap. So unless the asset + premium = 10c, we won't see a double in market cap due to the deal. I don't debate the value but the way it is calculated. Nice to know your thought on this.
You may be right The Adviser. My calculation is based on the...
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