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0.00% 4.7¢ vango mining limited

Hi Chawkey,Don't think those numbers are right. The $600m figure...

  1. psyber
    404 Posts.
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    19/07/11
    17:34
    Post #: 8696642
    Hi Chawkey,

    Don't think those numbers are right. The $600m figure includes debt funding. Debts will need to be repaid first. More conservative would be:

    IPO of 66.5% interest (100% - 16.75 x 2) to get $200m. Therefore, MV of shares would be 200m / 66.5% = 300.

    ORD share is 300 x 16.75% = 50.25m / 473m shares= 10.5c.

    psyber.
    VAN Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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