Current fully diluted MC is $280Mil as at posing (1.6Billion Shares @ 17.5c). Post successful launch the company has to raise at least $50 Mil in order to launch first 50 of the 200 satellites, this will be mid 2018.
I am assuming the company will do CR and issue another 200 to 250 mil share at say 20c - 25c range. By then the MC will be 370 to 500 Mil. In order to support that sort of MC the company's earnings should be at least $22 to $35Mil (PE ratio of 15)
On successful launching of first 50 the revenue may stand around $100 mil and MC $1.5 Billion or 80c per share.
Post successful launch of 3 daimonds and the launch of 2018, the share price will hang around the CR price and 2 times of CR price to reflecting the next phase of launch.
Hope this will help you to understand where the share price is heading.
what price to get back in?, page-7
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)