No I'm not talking about buying this (if it ever relists), I'm talking about buying through the 2 alternative routes which are still trading.I think everyone knows of our AIM LSE shares trading at 4.3 pence or 8.15 cents. I doubt most can buy there though, and I'm not sure if AIM owners can buy into a cap raise.
Alternative Option.Just posting for anyone brave enough, EQX has 44 Million shares and 19.9M AUD. It is currently valued at 25.8M.
It is a dead holding company of SO4, so you're buying SO4 and cash. Their 2 iron ore projects which have been seized will never yield anything. So essentially for those brave enough they could take a stab at EQX to get SO4 shares for half price.
EQX market value - Cash = 5.9M (round to 7M (board fees over 2 years + small liabilities court fees))
SO4 Shares = 44M
Implied SO4 price = 7/44 = 15.9c/sIf you think it will open higher (and more importantly stay higher) then there's a play there.
If it ever opens again that is.I would personally not go for this play, but know some of the SO4 cheer squad here might be interested...
GLTAH DYOR
