re: Ann: Completion of Zijin Transaction and ... just did some research...
"market capitalization: an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share"
so more shares added and paid for by Zijin = higher market capitalisation...
its when they give shares in lui off payments ie DRA that causes dilution and SP reacts.
so market capitalisation is purely what the market is...
its not like a BFS which is what the ? actual worth is or could be. Forward looking right there. and I guess working out if its worth banking/financing/ etc doing...
Zijin must have done a ZFS ,imo.
and I think that would be tough.
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- Ann: Completion of Zijin Transaction and Appendix
Ann: Completion of Zijin Transaction and Appendix, page-35
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