CAI 0.00% 11.5¢ calidus resources limited

valuation

  1. 69 Posts.

    1. PNO has 198 million shares on issue.

    2. The company holds 88 million MPLA shares.

    3. MPLA shares closed at US$0.56 last night.

    4. Therefore PNO's holdings has a market value of 0.56x88/198=US$0.29 per share.

    5. Based on an exchange rate of US0.75 to Aus$1.00,
    1 PNO share is valued at 0.29/0.75=Aus$0.38.7

    6. PNO share closed at Aus$0.058 on Friday
 
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