All pure guesswork Nasa . This could be way off .
Rough figures .
450m shares .
280m options .
100m shares to vendor
100m shares raised at 2c = $2m , underwritten as we know .
Maybe up to half options ( say 150m ) converted .. $1.5m .
Cash would be circa $4m .
Consolidated undiluted cap of $16m .
EV $12m pre-drill .
If the SP can get higher on new lease acquisitions and class appointments then it will be less dilutionary and they wont have to give options out to entice conversion .
Dimaz .. If you own this and don't know that I am bewildered .
- Forums
- ASX - By Stock
- higher lows!
All pure guesswork Nasa . This could be way off .Rough figures...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ROB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online