Bob's hype vehicle really is a farce.
He owns 80% on listing, raising A$125m and reimbursing exploration for $30m. Net cash per shares after costs circa 12 cents?
Value of tenements, with no resource disclosed as yet and pretty aveage drill results disclosed in prospectus, less than $20m? That gets asset backing to around 20 cents max!
Ego starts buying back day one to around 83% of the company-paying north of $1.60-noting that only 2% of the stock following the IPO went to Aussie residents!
Reckon at this rate by the end of next week he will have privatised it again!LOL
Cheers,TAS
- Forums
- ASX - By Stock
- IVA
- toxic
toxic
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review