Here's the calculation:
Share Price VWAP @ $0.0147 (1.47c)
Price for calculation is 85% of VWAP so $0.0125 (1.25c)
Performance Shares Calculation on issuing an Ind Res:
No Shares to be Issued = Class B Performance Shares/85% of VWAP NMR Share Price = 1,500,000/0.0125 = 120,000,000
No Typo.
The lower the price the better. @ 1.4c it equates to a cool $1.68 million paper dollars for someone.
Ann: Indicated Resource at Takatokwane , page-6
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $202.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $328.2K | 1.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90900 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 96570 | 4 |
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