Isn't there 1.2bill shares on issue? That makes $12mill marketcap right at 1c per share?
So their holdings in YRR is worth around $6.2mill or it could have just as easily closed at 12.5c or maybe round $5.5mill. Of course you couldnt just sell 40mill shares in one hit so usually a discount is applied, let say 10% so around $4.9mill.
So on current shareprice of YRR and whatever else GPN have shareprice is probably about right. You wouldnt expect it to be much more than it is now.
The other concern soon will be YRRs cash position. $1.6mill left in the kitty, around $500K burn a quarter, they will have to be looking at a placement in the next quarter or two. That will dilute GPNs holdings even further. And to think that once GPN had 70% of YRR.
- Forums
- ASX - By Stock
- GPN
- termination ann
GPN
greater pacific gold limited
termination ann, page-20
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GPN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online