not taking into account options then the market is right on the money using your figures above.
combined holding value of pep11 stocks - $10,224,910 now divide this by the shares on issue of 28,193,508 gives you a share price of 36.2 cents.
Take into account options then you get 10,224,910/32,293,508 which gives you a share price of 31.6 cents.
The way i see it is that the market isn't valuing at all the unlisted components of GBA. Even though it holds a direct interest in the UNLISTED Advent, this might be a small premium to today's price that we are seeing going off this basic arithmetic.
Keep on BUYing
harry out
GBA Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Not Held
