They seem to be on track for July 7 relist (fingers crossed emoji)
Assume a MC on relisting of AUD$600m, with 1.593b soi (assuming SPP taken in full) gives a share price of around 37c.
If taking a slightly more conservative valuation (eg diamond prices falling from 2022 levels), might be closer to 30c with a MC of perhaps around AUD$500m.
Still above the 25c raise price and generating profit
They seem to be on track for July 7 relist (fingers crossed...
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Mkt cap ! $170.5M | |||
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