What a ridiculous share price valuation.
Currently 638.2 million shares on issue and this valuation is based on 4.9 billion shares ending up on issue. That sort of dilution will just not happen.
More relevant is the NPV figure they have come to of $A692m.
If they sell down 50% of the project, debt finance the rest, and no more shares issued, then valuation per share sits at 54 cents based on their NPV figure.
On full funding my expection is that the price will likely be right in the middle of that 14 -55 cent mark.
Stupid report.
Yeatesy.
Ann: Change in substantial holding, page-34
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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|---|---|---|
| 0.3¢ | 422772 | 1 |
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