AVM 0.00% 2.9¢ advance metals limited

The full 40% acquisition was already approved at the GM. So the...

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    The full 40% acquisition was already approved at the GM.
    So the second 20% (share swap) should be completed by the end of this month.

    142M shares post 40% acquisition
    PAK MC at 16c would be $22.7M

    If we're generous and say coal is worth $8M
    Then 40% of IIM would be $14.7M

    So implied value of IIM at current SP is about $36.75M
 
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