DVM dvm international limited

what future, page-3

  1. 756 Posts.

    A very wild guess Siren based on fundamentals is 10cps although hubris could have it up to 14cps.

    Basis of this guess is as follows:

    Cash figure from June quarterly - $2,514,000
    Plus cash raising from offer - $ 750,000
    Less cost of StarFinch-1 - $ 480,000
    Less soon cost of LakeMacLeod-1 - $ 320,000

    This gives a nett of $2,464,000 so say $64,000 costs for the month then a round $2,400,000 for cash resources.

    Based on 31,106,107 fpo (forgetting the options) this gives a cash backing of some 7.7cps. On top of this DVM has the Lake MacLeod-1 drilling and a listed vehicle to add value. And of course it has Ivan. So a 10cps guess.
 
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