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Sorry about my miscalculation of net cash backing per share -...

  1. decrisper
    327 Posts.
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    18/09/12
    14:48
    Post #: 10735822
    Sorry about my miscalculation of net cash backing per share - that should read approx. 3.5c - my mistake. The placement will increase that to around 5c (taking into account the extra shares on issue) and the SPP will increase that further. My apologies - thanks to those who checked my maths. and let me know. Probably why we do our own research!!

    DYOR
    MEL Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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