Still "Free lunch" ???? The shares of project partners PANTORO (ASX: PNR) moved today to again significantly at 0.08 AUD. Thus, the current market value for PANTORO and its 80% stake in the Nicolson Goldmine is 40.88 million AUD.
Accordingly BULLETIN s takes a 20% stake with 10.22 million
AUD rate. With 174 million shares outstanding and
an exchange rate of 0.028 AUD is of value but only at 4.87 million
AUD. Judging by PANTORO were 0.059 AUD fair.
Just my private opinion.
Ann: 31 December 2015 Quarterly Report, page-5
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