Ann: Becoming a substantial holder, page-40

just running some numbers to see what the register will look like end of July. post CR and SC.

44m SOI
50c price
8m cash
14mil EV

with Sandfire 10% and palisade more than that.

will the market be happy with an EV of 14mil?

as the SP refreshes at 50c that provides a lot more liquidity and potentially volatility at the beginning until it finds its feet.

dont think many will get in for less than the eq. of 50c , but i guess a lot can change between now and late July.