At the end of 2017 there was $A34M in cash plus $A12M in shares. Subtract $A3M in GLE expenses and add the $5M that IQE owe SLX gives you $A48M. In theory you should also adjust for the change in value of the IQE shares (both share price (down 5%) and currency (unsure)).
~$48M would be 28c per share.
ps. After all that research last night I sold out today. I think the underlying company is going good places and I'd like to return to being a shareholder in the medium term. However someone selling 1M shares created a drop like we saw on the 22/3. GlobalX have 16M shares that they are aiming to sell in the next 4 months. That's another day like the 22/3 where 1M shares are dumped almost every week. I expect that kind of share price pressure will give me an opportunity to buy back in sometime in the next few months. Until then thanks to everyone who has posted information here.
At the end of 2017 there was $A34M in cash plus $A12M in shares....
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Last
$5.82 |
Change
0.390(7.18%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $5.49 | $5.90 | $5.49 | $7.460M | 1.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 380 | $5.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.83 | 22627 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.80 |
Change
0.390 ( 7.31 %) |
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| Open | High | Low | Volume | ||
| $5.59 | $5.90 | $5.53 | 147581 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLX (ASX) Chart |