Hello all.
With regard the spin-off, it will be a challenge to get the numbers right.
A 1 in 10 in specie allocation will value the new company at $2,000,000 at 20c float. If fundraising is sought for $5 mill, it will be too heavy a dilution for existing shareholders. So Sally's 1 in 5 is much more likely, maybe with a 50c float price. That would value the assets at $5 million, and a float of 10,000,000 shares at 50c bringing $5 million working capital. Making the startup value about $10 million and a registry of 20 million shares (very tight). On this scenario, shareholders would affectively receive a 5% dividend, and a stake in a serious gold mine.
ARL was worth $8 million, with capital raising of about $6 million, giving a startup value of $14 million.
All IMHO.
BE
Hello all.With regard the spin-off, it will be a challenge to...
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $17.98K | 46.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76960 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 72533 | 3 |
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| ARL (ASX) Chart |