If you value AED's stake on in thejoint venture based on what SIPC has paid, I get the following valuation:
AED shares on issue: 154.5M
..............................per share
Cash on Hand.......350M...........2.27
40% JV.............411M...........2.66
Sub-Total..........761M...........4.93
Conv. Notes (est).(130M).........(0.84)
Net Valuation..... 631M...........4.09
Note: 40% JV value based on 60% JV interest = $617
Regards
SP
- Forums
- ASX - By Stock
- AED
- announcement its all good and ready to soar
announcement its all good and ready to soar, page-8
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AED (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online