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1.06% 9.3¢ meteoric resources nl

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  1. Anton Chigurh
    13,097 Posts.
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    01/02/16
    10:40
    Post #: 16911488
    In this market, you'd be working on the basis of a 2c CR for the $3M, so assume another 150M fpo issued, along with existing and vendor shares.

    About 760M fpo in total, not including milestone shares or options, so mc of ~$22M @ 3c on a proforma basis.

    Not a massive mc really but very unproven and early days.
    Last edited by Anton Chigurh: 01/02/16
    MEI Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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9.3¢ 		Change
-0.001(1.06%) 		Mkt cap ! $208.3M
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