Timbo called 10 centsbased on my mere guesses, if $15m was...

Timbo called 10 cents

based on my mere guesses, if $15m was raised at 10 cents, there would be 400m shares on issue

EPS on $6m NPAT would be 1.5 cents

share price target on PE ration x 10 = 15 cents

10 cent capital raising is very poor return for investors

6 cent capital raising would give investors 100% return

raising at around 4 cents would give 140% return

however, there would be interest costs and the assumption of 10% NPAT margin is pretty fat

3 to 4 cent cap raising seems reasonable