Poster over on CFE claiming PNE Lithium (EUR) will give a valuation of .04 cents AUS a share. No reason given to support the numbers. Based on those numbers, PNE would give a .025 cents AUS valuation a share to DLC shareholders. Pre backdoor listing, CFE has about 19 million shares of the old EL and DLC has about 11 million shares of the old EL. After the listing the number of shares owned by CFE and DLC will not change, but the percentages of DLC and CFE share holdings will drop way down because of the listing dilutions. Right now CFE has 26.2% and DLC has about 15.2% of the pre listing company. Don't forget CFE has over 735 million sharesout there and DLC has 644 million shares out there. And whatever options also. So the math for DLC would be just about what I posted above.
But the EUR Lithium SP would have to be a whole lot higher than .10 cents a share AUS. For each CFE share you would have about a .025533% of EUR and for DLC shareholders you would have a .017377% share of EUR. All depends on the investor sentiment after the listing.
Is this going to be a ball buster or not!
DLC Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
