PANR shares closed up £0.04 in London to a bid of £0.39 & ask of £0.395 on Wed 21/10/15
Giving an effective undiluted cash NAV of 4.45 cents or 4.13 cents per share fully diluted to cover existing debts.
Therefore you can effectively buy 1 PANR share for A$0.5436 or £0.256 as opposed to the London purchase price of A$0.845.
Which is quite some discount
LOTM
Substantially Undervalued, O&G Situation in play, page-77
-
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
