Reference to crown is correct
Hastings valued at enterprise vlaue of 17m ( Mkt cap 23m less cash 6m)
One should look at value of forge post crown acquisition
All forge has is crown and other deposit and curtis on the board
Add up all the performance shares and options - forge is then worth 70m or more (check fully diluted Mkt cap)
If forge is worth this much why wouldn't LYC spin off crown and raise money Frm Mk for the 20m price and then issue shares in spin off company to LYC shareholders as a dividend in specie
On any valuation new kid on the block Hastings is cheap and LYC shareholders should consider if LYC is now fully valued ?
down under ree report, page-4
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$7.92 |
Change
-0.170(2.10%) |
Mkt cap ! $7.360B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $8.546M | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2770 | $7.92 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 8755 | 17 |
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