how many shares are coming out of e how many shares are coming...

First 53 Last

Share
Profile

Follow
ArielStarr89

1,380 Posts.

89

08/07/18

17:45

Post #: 34214040
Share

how many shares are coming out of e

Originally posted by Jezzy ↑

Gee that seems a bit harsh Eshmun?
A Zinc producer thats already started the mining phase; recently completed CR, cashed to tune of $3m+ and finalising debt facility of $2.5m+; first SHIPMENT this quarter with revenue flows to fund (partly? fully?) future mining and exploration, all for MC of $21m diluted, $14m undiluted at SP of 3.6c -(from 3B, 21 jun 2018: 337m SOI plus upcoming escrow release and tr 2 placement this week = 337+14.8+37.2=389m SOI x 3.6c. There are further 195.6m FPO on 24 mo escrow so diluted MC (incl all heads but excl oppies) =584.6x3.6c=$21m. Ive not included oppies in that calc since v few around present price range , and would bring in roughly equivalent cash as added MC . Most oppies are double to ten times present SP).
Management and T20 hold 80% - and Management took around $120k in recent 0.03 placement.

So SL1 seems incredible value to me for a bonafide miner/producer ,with very interesting further tenements to explore using near term revenues.
And while Africa certainly has its pitfalls like sovereign risk, Glencore being naughty in Venezuela, Nigeria and DRC (likely oil-related in Nigeria and Venezuela) thru dealing with US sanctioned companies and people, hardly has much relevance to SL1 - especially comparing their MC of $45bil to our sub $20m.
But each to his own risk appetite.
My disclosure is that I sold a partial on friday based on the violent one day move, and the upcoming tr2 and escrow, but I intend to buy them back.
Lets see

Expand

how many shares are coming out of escrow?

SL1 Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 61 more messages in this thread...

First 53 Last

Add SL1 (ASX) to my watchlist

how many shares are coming out of e how many shares are coming...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up