Yes, starting out they will have a less than half the (known) resource of kaolinite than ADN.
Half should take PNN from a tiny $12mil MC to around a $300million M cap. Half of ADN's...
300÷12= 25! Which obviously would be amazing to see half of ADN at 25x times the current share price.
But.. If PNN explore themselves such as ADN have they could get lucky and increase their resource too, such as ADN have.
It seems like just basic maths and a bit of luck is required, as long as the deal goes through which is the key ingredient here.Best of luck to all...
Ann: Becoming a substantial holder, page-36
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $10.18M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $9.727K | 91.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 155841 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 64148 | 1 |
View Market Depth
| Last trade - 15.47pm 08/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 10.5¢ | 10.5¢ | 11100 | ||
| Last updated 15.42pm 08/05/2024 ? | |||||
| PNN (ASX) Chart |