re: valuation for dummies.... That was exactly the article I was talking about...(the one posted by saxien..The author is supposed to be a financial journalist for the West Australian, yet says he cant understand the announcement. I admit, the formula is a little bit complex, but an example is given and with some thinking its not too hard to figure out. Surely if we can do it, a financial journalist should be able to. Is that the level of knowledge and investigation required to be a financial journalist..or journalist of any sort in the West?
Then he makes the comment " pretty serious dilution". Hmmm. The company will be about 6-10 times larger, what does expect? A dilution by 2/3 is why it is such good value for SWT holders...as pointed out by Maquairie Bank.
The question I would like to ask Colin Marland is the referring to the possible placment at 20 cents if required by the asx to satisfy working capital rules. This is not mentioned in the contect of the 1:2 consolidation. So..if this placement is required at 20 cents, will there also be a consilidation? Or are the shares undervalued as to what they expected?
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still hope., page-10
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