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re: Ann: Mississippian Acres Exceed Initial T... EL&C Baillieu...

  1. COAT
    48 Posts.
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    21/06/11
    10:18
    Post #: 8564969
    re: Ann: Mississippian Acres Exceed Initial T... EL&C Baillieu have released an updated research report on RFE today based on the acquisition of the new acres.

    Mid range Enterprise valuation has increased from $1.24 to $1.32.

    Ivor is still using 350m "fully dilluted" shares. There are only 269m shares on issue so if you use the actual number the EV would be $1.70.

    RFE Price at posting: 37.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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