Hi Herac
I take your point but what I'm saying is that the new investors believe that, at the time they did the deal, LML heads were worth 55c. Given that 15% of the existing shares on issue were placed increasing the issued shares to 115m I would envisage that they see the new shares being worth about 47c - 48c.
Their estimate of LML worth pre placement 100m@55c = $55m
It follows that each share is now worth (by their est) 47-48c
($55m/115m shares).
A bit simplistic perhaps but these people have a better insight as to the company's value than we do I would imagine.
Ann: Chinese Huaxi Group invests in Lincoln , page-15
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.313K | 187.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8181389 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 20288048 | 19 |
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| LML (ASX) Chart |
