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0.2¢ monto minerals ltd

Ann: Monto Commits to Acquisition of Rapidly Expanding ShareRoot, page-413

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ddzx

28,706 Posts.

237

18/09/15

14:47

Post #: 16018178
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Originally posted by Green Bull ↑

Hi ddzx,

I don't hold but have been watching this one and looking for the best entry point like you are.

Post consolidation, there will be 277M shares on issue and the company will have $4m+ cash.

This means that if it recommences trading at 5c then that'll give the company a market cap of $13.8M with $4M+ in cash.

That sounds ridiculously cheap and might recommence trading a lot higher than the CR price of 5c?

I'm surely missing something or have my numbers adding up incorrectly???

Thanks.

GB.

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I agree $15M market cap is cheap but new shareholders will be tempted to take at least 25% profit (say 6.3 cents) on their new shares

in other words, today's share price is 9 cents and new shares are 5 cents

It certainly could be prudent to take a position today but my main buying I hope to do at around 6 to 7 cents (or 1.3 to 1.6 cent equivalent)

regards

MOO Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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