Previous market cap:
1016m shares at 45c each = $457m
I'm using 45c as the centrepoint of trading in the prior two years.
Placement:
585m shares at 53.5c each = $313m
Postplacement:
1601m shares at x each = $770m
x = 48c
Using the last sp of 36.5c... then postplacement x = 43.8c
Using an sp of 40c... then postplacement x = 45c
I'm not sure what you mean by funding uncertainty? Was there doubt that the Koreans or the Japs wouldn't back the company? You think they're stupid?
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