GDR goldstar resources nl

gdr capital raising completed

  1. Profit Taker
    3,561 Posts.
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    25/01/07
    12:55
    Post #: 2139895
    Announcement out - share purchase plan completed, with shareholders taking up $1.34m and the underwriter taking up $1.66m, raising $3m.

    Glad to see the back of that raising and hopefully the downward effect it had on the share price.

    128m shares now on issue and $17m in the bank. Cash backing per share of around 13c, meaning that the market is valuing GDR's assets, including Walhalla, at around only $64 million (rough calc).

    Sounds cheap to me...

    GDR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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