WTF indeed !
Call it a Sprott's scheme for Americano, haha.
Can anyone have a go at calculate the valuation of Americano Mining based on this announcement ?
Lets me have a go:
Golden Harp current market cap = CAD $370K ~ AUD$366k
https://finance.yahoo.com/quote/GHR-H.V/
A cap raise CAD $4mil ~ AUD $3.96mil
Total = $3.96 +0.366 = AUD $4.326mil
Hence the valuation of Americano = $4.326 x 100/5.5 = AUD $78.65mil
(1) Golden Harp's holders will hold 5.5% of Americano
(2) BDR's holders will hold 94.5% of Americano..
This implies that the market cap of BDR ~ $78.65 x 94.5/100 = ADU $74.32mil
which implies the share price of ~ $74.32mil/ 1.218bil shares = 6.1c ?
