Finally the A & B performance rights have been issued giving 147.620M shares in issue.
I was already taking them into my calculations as being issued, but having them visible to everyone makes it easier. It allows me to tidy up & simplify my spreadsheet
So with PANR at £0.835 bid, AXT's cash NAV is 8.15 cents undiluted or 8.23 cents fully diluted.
LOTM
Substantially Undervalued, O&G Situation in play, page-112
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