MTE metrocoal limited
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Ann: Successful Placement of $24 Million , page-5

  1. peterdoobes
    2,513 Posts.
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    06/09/11
    15:38
    Post #: 8922979
    It's not trading at half the value of the placement.

    After the placement there will be around 213m shares on issue. At 75c that is a Market Cap of around $160m. 15% of $160m is $24M, the amount of the placement.
    MTE Price at posting: 76.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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