I posted something similar on the GPT thread, but I am musing on the overall possible price that CER could get to, although I am mainly in the share for the potential long term distributions.
Anyway, in those sunny days back in mid 2007, CER was worth about 1.9 billion and was trading at about 1.70, with about 1.13 billions shares. Today we have 2.28 billion shares, and trade at 25 c, or a cap of 570 million, options not included. Doing the sums suggests that to get back to the mid-2007 valuation we would need to reach a bit more than 80 c a share....but I am neglecting things that have been sold off etc....in fact I am neglecting lots of considerations, but would holders agree that this is a maximum medium-term target (3 to 4 years, if things go well?)?
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