Bolics invited me to pick him up on anything.
He is actually pretty correct with all of his arithmetic:
On yesterday’s SP close of $0.074, after the capital return to shareholders of 5 cents, leaves say 2.4 cents.
After the AGM if shareholders actually approve the Torrington acquisition (and it is no secret I hope not), 111,500,000 shares on issue.
He is wise to not count on a decision to mine and assume another 12m shares issued later.
So after the transaction the market cap of Krucible could be $0.027 * 111.5m or $2.7m, an all time low shareholder value; the future of KRB?
Bolics invited me to pick him up on anything. He is actually...
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