Good call Terrier. I hadn't even noticed that.When the original 35c NBIO was raised to the market back on the 18th September, the ZAR was worth 10.69925, now down to 9.66157.
In terms of valuation:
18th September - Suggested sale price = $182.9m, or ZAR1.96bn
6th February (close rate) - Suggested sale price = $182.9m or ZAR1.77m
Assuming they are happy to pay ZAR1.96bn then that would increase the price to 39c at current FX rates.
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