on today's closes, mkt value of that VPE interest = 9c/share.
Which is what tody's close is!
ODN has 18.4% of VPE.
Say current mkt cap of VPE = A$52m (@20.5c)
ODN have 18.4% = $9.6m of VPE mkt cap.
There are 108m ODN shares, so $9.6m/108m = 9c per ODN share.
In other words, 9c of the ODN sp is the VPE part.
Today's ODN's close is...well...9c
So everything else of ODN's comes free, or, in other words, that's a cheap way to get into VPE right now.
Guys, what am I missing?
ToBo
on today's closes, mkt value of that VPE interest =...
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