Yonny
A copy of your post from last month. well done spot on
how is this so cheap - here are my figures - tell me if I have missed something??
if all options are converted - and that is more than likely
282 500 000 options at 0.04c each = $11 468 080
cash in bank already = $6 859 000
this will give them cash in excess of $18.3 mill
with just over 1.2 billion shares on issue, that means a cash backing of 1.5 cents per share
The in-speccie distribution is basically tax free, no cost shares distributed to shareholders. Current Apex (axm) price of approx $1 times the 34 million shares given out (divided by the Legend shares) means another 2.8 cents per share.
I buy Legend at about 8c and have an effective cash backing of 1.5 cents and the share only really costs me 5.2 cents per share (8c - 2.8c)
Now, Legend also has some great land that is about to be drilled (fully funded for an extended period of time) and I reckon that they will get some results just before the in-speccie distribution in order to support the share price once this has been finalised
I guess what I am thinking is - downside is minimal with huge upside potential
10c within 3 weeks is my estimation - remember this post
Regards
Charvan
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Mkt cap ! $37.82M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $3.261K | 251K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 761035 | 1.2¢ |
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Price($) | Vol. | No. |
---|---|---|
1.3¢ | 238421 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 661035 | 0.012 |
6 | 2622271 | 0.011 |
7 | 2184503 | 0.010 |
7 | 3726111 | 0.009 |
3 | 1493800 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 238421 | 1 |
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