IRC 8.00% 13.5¢ intermin resources limited

Merged Coys Mkt. Cap ?

  1. 682 Posts.
    lightbulb Created with Sketch. 51
    I'll take a first layman's punt and say :

    MRP: 10 c per share valuation.
    IRC : 20 c per share valuation.
    Hence 2 x MRP for 1 IRC.
    So "roughly" perhaps:
    MRP existing shares issued =350m (rounded)
    IRC existing shares issued =240m(rounded-non dilution)
    IRC as the lead coy(assumed) issues new addit. shares of 175m to p/out MRP holders.
    Overall then(?):
    Merged coy-240m + 175m shares =415m shares x 20 c = new Mkt Cap. of $83m (currently $63m).
    Opening trades when merger completed-20 c per share.

    Too simplistic ?
    Too optimistic ?

    PS-Happy to be thrown in the bin as a crazy calculation.
 
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