EE1 5.56% 1.7¢ earths energy limited

I think the Argonaut note mentioned a "see-through value" for...

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    I think the Argonaut note mentioned a "see-through value" for Panda Hill of USD 750M-1.1B, so that would be half that for Cradle's 50% share.
    It also assumed a total of 455M shares on issue post dilution from 50% equity contribution to Cradle's share of the finance. I have no idea how likely that particular figure is, but I think some dilution from here is likely.
    If we run with that, it would mean USD 0.82-1.20 or AUD 1.10-1.60 per Cradle share. Not quite a Disallowed, but I'd take it. GLTAH
 
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