Well guys
What is this company worth now it has sold Cape Lambert project and holds the south tenements.
Aparently it was up 15% in London (now only 7%) so we could reasonably expect the price to peak at about 69cents. Remember that in September, holders will get a special divvy of about 20cents. So really this should be added on as a premium to the share price. Which realistically gives the value of 89cents. Of course this will fluctuate over the following 2 months and dependant on any acquisitions and drilling results in the meantime, the shareprice can go either way.
20cents divvy for a 60c stock is awesome, even if it is a one off.
I agree 85-95c will be a good starting point tomorrow. From there, who knows.
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