Hi SD
ECH was fundementally undervaued @ the IPO to get it away a few weeks ago.
If you followed the old Leyshon Resources LRL (pre China) formally Normandy Mt. Leyshon (produced 3M oz AU) the calcs go like this:
LRL (NLY) @ 20c x 89M shares = $17.8M
less cash $ 8.0M
Enterprise Value $11.8M
Those assets have not changed,
Now ECH EV $11.8M
Cash $3.8M
Total $15.6M
divide by 20.4M shares
ECH 76c !!
or look at it in reverse.. if ECH is 25c then LRL would be
only 10.4c !!
Thats why I bought 75K thru the IPO and in the que @ 24c.
- Forums
- ASX - General
- $$ech..the best value small cap on the market$$
Hi SDECH was fundementally undervaued @ the IPO to get it away a...
-
-
- There are more pages in this discussion • 3 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
Featured News
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online