think some people have been 'frightened' by the .40 a share issued.....
so I went back reviewed sthn equities reports,,,,,,,in it it states, 513 million shares on issue, market value 324 mill, market cap 349 mill...........so it would appear that sth equities was aware of the new issue of shares ....
which was announced later after market..........
so there, the valuations used in that report have considered the dilution factor......so if it goes to 3.00 or 13.00 its all in there..........amazing how the stroke of a pen can change the perception of an investment..........
cheers ps the trading room site shows 297 million odd shares before that new issue, and a market cap of 220 million.........
am pleased the equities report was up to date on all that
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- read page 6 has 16 30 valuation
MEE
metex resources limited
read page 6 has 16 30 valuation, page-8
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