Their stake in Cliff Head together with cash in the bank is worth 6 cents per share. Value in other leases including a free carry through Puffin is worth more than 4 cents per share and any success will kick this along. Easily worth 10 cents. The market has gone mad selling at 3.6 cents.
PPP
The capital raising of 32m shares will be completed on 16 May 03 and may hold back the share price untill it is completed,there being no value placed on the issue by the company. After that it's steady and up for PPP.
