LAT
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0.00% 8.0¢ latin gold limited

Hey MeluaMy calculations are:$2.2M as of 30 June$3.75M USD 1st...

  1. WITIJ
    90 Posts.
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    10/08/11
    13:22
    Post #: 8802807
    Hey Melua

    My calculations are:

    $2.2M as of 30 June
    $3.75M USD 1st instalment from Coronet
    $2.6M USD in Coronet shares
    $2.2M from Pearce and Middlemas
    $6.5M USD from Coronet next year
    $2M when the 4c options are exercised
    $19.25M total

    By my calculations anything under 4c represents the cash price and if you take into account that most if the pearce middlemas shells trade at 2 to 4 times the cash position then IMO this stock is cheap.

    W




    LAT Price at posting: 3.3¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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