Ann: Pantoro Secures 100% Ownership of Nicolsons,BNR-PNR.AX, page-24

Bulletin Resources Ltd .: An Update
05/14/2016 | 7:00 | HUSTER, HANNES, THE GOLD REPORT
Here you are up to date! I explained yesterday the situation again and I feel with my bulletin shares continue to fiddle. Pantoro moved again today to, therefore below the current calculation of the fair value of Bulletin:

unpaid Share: 177.000.000 BNR.ASX: $0,061 market capitalisation: $10.797.000

Division Pantoro Share

40.000.000 remains in the Company $0,12 Value: $4.800.000 Value/Share: $ 0,027

90.000.000 Distribution to shareholders Value: $10.800.000 Value/Share: $ 0,061

Cash Stock BNR.ASX $ 1.0000,000 Value/Share: $ 0,006

TOTAL: Value/Share: $0,094


The price increase of Pantoro to 0.12 AUD, the value of a Bulletin share increase to 0.094 AUD or EUR 0.06 if the spin-off would take place today!


News Bulletin Resources is clearly low in relation to Pantoro. Although the cleavage is still away for a while, but I can well imagine that the closer the deadline, smart investors Pantoro over Bulletin "buy" are.
For AUD 0.12 per share Pantoro we get almost the full current value of our Bulletin share in Pantoro shares distributed and remain Bulletin shareholder, currently owns 0.033 AUD to theoretical value!


© Hannes Huster
Source: Excerpt from the market letter "The Gold Report"

Disclosures according to Section 34b German Securities Trading Act
Key information for preparing this document are publications in domestic and foreign media (information services, business press, specialized journals, published statistics, rating agencies and publications of the analyzed issuers and internal findings of the analyzed issuers).
At present, the existence of the following conflict of interest is possible: Hannes Huster and / or The Gold Report Ltd. related undertakings:
1) enter into business relationships with the issuer.
2) participate in the share capital of the issuer or could this be.
3) were involved within the last twelve months in the management of a consortium issuing financial instruments of the issuer by way of a public offer.
4) after financial instruments of issuers on a market by placing buy or sell order