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2.2¢ sarama resources ltd

Ann: New High-Grade Mineralisation Discovered, page-19

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3,298 Posts.

884

30/09/22

21:29

Post #: 63974965
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Originally posted by MarlaSinger ↑

Load, you need to add the Canadian shares on issue plus the Australian CDIs on issue together. The CDI's convert to shares at a 1:1 ratio so the correct calculaiton is:

138M shares on issue x A$0.10/sh = A$13.8M MC. Back out the cash of ~A$4M and you get an EV of A$10M (or US$6.5M).

Either way, for what this stock has going for it, it is dirt cheap. There is no buying in the market so it is drifting off and yet again, illustrates that the 'market' isn't 'efficient', but rather artificial. I'll be scooping up more of this as the sellers continue to gift it away.

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Ah, I forgot about the Canadian listing. The TSX listing has a higher SP, so the the Mcap is really closer to 20.1M
approx 100M x 0.145 x 1.12 CAN/AUD rate = 16.2M (TSX)
approx 39M x 0.10 = 3.9M (ASX)

SRR Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $3.014M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$3.717K	168.9K

Buyers (Bids)

No.	Vol.	Price($)
1	50897	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	126045	2

View Market Depth

No.	Vol.	Price($)
1	50897	0.022
2	625000	0.021
3	157000	0.020
1	55550	0.018
1	100000	0.017

Price($)	Vol.	No.
0.029	126045	2
0.030	220380	3
0.035	80000	1
0.039	41000	1
0.040	25000	1

Last trade - 10.11am 31/07/2024 (20 minute delay)

SRR (ASX) Chart