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I may be wrong, but I think Uboy subtracted the extra cash from...

  1. BoomCrashOffera
    720 Posts.
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    21/07/23
    22:45
    Post #: 68919932
    I may be wrong, but I think Uboy subtracted the extra cash from the MC but didn’t adjust the MC for the extra placement + SPP shares - which you did.

    EV calcs (subtracting cash) for companies burning cash is a moving target in any case.
    Last edited by BoomCrashOffera: 21/07/23
    ANP Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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