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9.09% 2.4¢ advance metals limited

HC now says MC is $16.84m. pop!, if MC before IIM proposal was...

  1. kenmrob
    148 Posts.
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    21/06/16
    17:36
    Post #: 18086280
    HC now says MC is $16.84m.

    pop!, if MC before IIM proposal was stable at $5m, then MC growth has been about $12m since then (based on MC in HotCopper reported as $16.84m).

    If this MC growth is entirely based on a 20% purchase of IIM (which cost $1.25m) then are we saying that market is valuing IIM at 5 x $12m = $60m whereas the IIM value based on the 20% purchase is 5 x $1.25m = $6.25m? Seems like a big difference in valuations.
    PAK Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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