So after the Chinese take up their shareholding and exercise...

So after the Chinese take up their shareholding and exercise their oppies at 50c RHM have a total of about 71m shares on issue.

When in production at the end of next year RHM will be earning 1.75mt x USD50pmt margin = EBITDA 87M pa.

= USD1.22/share or AUD1.16/share.


Now even for the slow ones amongst us when you see the share price lower than the expected earnings per share does that not mean a screaming BUY.

Incidentally for the long termers amongst you I was out just before the oppies conversion last December but bought back in last month.


Spozzie