hi aussienorm sorry mate - no experience there at all. the only...

hi aussienorm

sorry mate - no experience there at all.

the only thing I know is it 'has' to be a min. of $100 million MC - and I presume that means in US dollars.

So - if we went with - well lets be conservative here - say 240,000,000 shares - that would give us

$100,000,000 MC US - into Aussie at say 90 cents

$110,000,000 / 240,000,000

= 45.8 cents

Now, if it were me, I would make dammed sure the MC was comfortably above this - so add in what you think they will want for a buffer and you have the 'minimum' target price for listing.

Personally, imo - I think they want it to be $1 - giving us a MC of 220,000,000 to 240,000,000 - or whatever it is when we are a buck.

and that sounds just fine to me.

From there on by that stage (projected mid 2015) P/E valuation will take over - probably between 20X and 30X


Someone else can answer your question re. numbers of shares for listing - if I were to guess I would say we wouldn't need anymore - but, I am only pulling that out of the quality information passage - and I wouldn't trust that if I were you

have a great Sunday

Pinto