So if LKO is allowed to trade on the ASX again does that not mean that the market has to recognise the value of NPM's holding in LKO?
Let's do some more maths:
LKO Shares on issue: (33.7+1.1)B = 34.8B
LKO Share price: $0.0015
Implied LKO Market Cap: $52.2 million
Value of NPM Holding = $52.2 million * 28.07% = $14,652,540
NPM Shares on issue: 4.7B
LKO Value per NPM Share: $14,652,540 / 4.7B = 0.0031
Therefore if the above holds true, after LKO starts trading NPM should go to 0.0061 per share EXCLUDING any good news from drilling activities.
Yes? No?
Price chart & updates, page-41
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.970M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76920 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 172746 | 3 |
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| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| NPM (ASX) Chart |
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