MGY 4.35% 8.8¢ malagasy minerals limited

Correct me if my calculations are wrong.MGY shares 157,000,000...

  1. rab
    4,594 Posts.
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    Correct me if my calculations are wrong.

    MGY shares 157,000,000 Price 0.10c

    SYR 125,000,000 Price $2.39


    If you work out the share price for a MGY share at the same number of SYR shares you would have a pric of approx 0.13.
    Which a lot of people here are equating to a quarter share of Molo.
    So 0.13c x 4 = 0.52c if we had 100% Molo.

    Trying to balance the SYR and MGY investments as of now. Not including MGY other tenements and free carry on Molo for now.

    Both prospects excellent.


    MGY = 0.52c SYR = $2.39.

    I know it is very rough.

    RAB


 
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