Hi BuynHold
My rough figures are a bit different to yours
$2.71 peak before GFC
Then we raise more capital and triple the shares on offer from approx 1.5 billion to 4.5 billion shares which then gives a pre GFC high of 90c (as we tripled the shares on issue so 90c is a third of the pre GFC high of $2.72).
Then we do a 10 for 1 share consolidation so that would give a pre GFC high of $9.00 (90c x 10), not the $27 you refer to. If I am right the drop is from $9.00 to 68c, not $27 to 68c
So if I am right if we hit those dizzy highs again we would be aiming for $9.00. Of course we now have little to no debt so with interest savings of say $70-$80 million per year hopefully this would help our earnings and perhaps push the shareprice to a potential of $10 per share at pre GFC levels.
Happy to be corrected or have someone explain those figures better
Geoff
- Forums
- ASX - By Stock
- BLY
- more broker upgrades
more broker upgrades, page-11
-
-
- There are more pages in this discussion • 4 more messages 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 BLY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online