Based on 102,210,486 shares on issue with a new market cap of $38,337,617 (15,000,000 x 0.55 + 87,210,486 x 0.345), i calculated 37-38c as a reasonable price. This doesn't take into account any positivity from the actual announcement of the offtake agreement, nor that scoping study expenses are covered but i would argue close to fair value based on closing price y/day.
Ann: Chinese Huaxi Group invests in Lincoln , page-5
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.784K | 630.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4981783 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9610460 | 13 |
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| LML (ASX) Chart |