A merchant bank can easily value a non-revenue company.
They would look at SP history and at market research.
So they would look at Triangle report and say $1.60 is "unfair" and they would look at SP and say 2 * SP is "reasonable".
Their conclusion is $1.60 is "unfair but reasonable".
Where do you get $30 for the original Board's target?
I think you are confusing with Hunterr's target.
AFAIK the original Board's target was $10 at most, and maybe much less.
A merchant bank can easily value a non-revenue company.They...
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Last
$1.58 |
Change
0.055(3.62%) |
Mkt cap ! $268.4M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.56 | $106.0K | 67.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 649 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 3000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |