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
Bob's hype vehicle really is a farce.He owns 80% on listing,...
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