I realized I didn't really go into detail on my punt:
With the removal of immediate uncertainty over debts I think the period that most closely resembles today is April-June 2014 (actually a bit pessimistic give the improved margins per lb it's probably more like end of 2013)
At that time the SP was about 40c, the debt was a few years away but the U climate was pretty negative, toxic even.
So based on this and the swap of debt for equity I'm assuming a market cap of about $800M and with 6.5 billion shares on issue that comes in about 12c or $1.20 after consolidation.
Please feel free to rip my reasoning asunder - with FACT based arguments, preferebly referenced if contentious.
Best guess: SP if the restructure goes through, page-31
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$9.37 |
Change
-0.420(4.29%) |
Mkt cap ! $2.802B | |||
| Open | High | Low | Value | Volume |
| $9.68 | $9.73 | $9.33 | $25.98M | 2.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $9.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.37 | 7986 | 2 |
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