My interpretation is that if the new company (the spin off) gets valued at $40 million (with %75 Aura ownership) that means Aura will hold $30 million worth of shares in addition to its other assets. Aurora will still be exposed to the vanadium price after the IPO (with 75% ownership).
The current market value of Aura is around 20 million (2 cents per share). If the market doesn't value the vanadium asset (which appears to be the case), that places the value of Aura at 50 million (5 cents per share). And there is still the uranium bull to come.
Yet people still sell their shares at this price.
My interpretation is that if the new company (the spin off) gets...
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14.0¢ |
Change
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Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $181.3K | 1.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 334799 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 96696 | 4 |
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