GRN gravity diamonds limited

In preparation for the in-specie distribution of Stellar...

  1. carringbush
    568 Posts.
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    11/10/04
    11:29
    Post #: 609848
    In preparation for the in-specie distribution of Stellar Resources the Company has undertaken an independent valuation for the worth of each Stellar share.

    Nexia Alexander & Spencer, chartered accountants concluded that fair market value for each Stellar share be worth 24.43 cents.

    Post de-merger, Gravity Diamonds will have cash on hand of around $14 million, representing a cash backing of 11.78 cents per share.

    Stellar figures indeed.
    GRN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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