No - Not really RAF
200,000,000 seems far more than we need to buy Indee - even at 8 cents raise - but for the point of this exercise lets go with that.
625,000,000 shares after the raise
Go with 1.4m ounces (not 2M) at a conservative $45- per resource ounce = 63mill MARKET CAP divided by the 625 shares
AND YOUR AT FAIR VALUE OF 10 CENTS A SHARE (approx)
So I don't get your constant negativity over the subject RAF - it like you are in a panic - not logical.
As you have disclosed, you hold shares - Let me ask you here at 8 cents if KL was to invest more into DEG to help them through this BUMP in the road - would that not be a good thing?
PS: @jonathm54 can you check my math's please mate!
Indee, page-24
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$1.23 |
Change
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Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8887 | $1.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 60293 | 3 |
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