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25.0% 0.5¢ citigold corporation limited

Ann: Citigold enters $72 million Agreement, page-48

  1. SurfsUpDoods
    3,266 Posts.
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    04/03/15
    11:45
    Post #: 14857305

    "based on this they have valued the company as a whole at $48mill approx. "

    For a 60% stake in the company i think they value the company as $120M, leaving $48M (40%) to CTO and its shareholders.

    1.3B shares on offer (not sure of the exact figure) so 3.7c/share

    if the $72M is received!
    CTO Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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