ENB 0.00% 0.5¢ eneabba gas limited

At current price: If they do a 1 for 3 consolidation: Shares pre...

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  1. 457 Posts.
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    At current price:

    If they do a 1 for 3 consolidation:
    Shares pre consol = 524m = equiv. 174m
    Shares to be issued = 289m
    Total SOI = 463m
    Inferred post consol / raise / re-list market cap @ 3c = 463m x 0.03 = 13.9m
    EV = 13.9m - 3.5m = 10.4m

    Highly doubt they will do a 1 for 2 consolidation now but if they did:
    Shares pre consol = 524m = equiv. 262m
    Shares to be issued = 289m
    Total SOI = 551m
    Inferred post consol / raise / re-list market cap @ 2c = 551m x 0.02 = 11m
    EV = 11m - 3.5m = 7.5m

    Just rough calcs but seems cheap to me given the location.
 
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