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MT ISA METALS LIMITED (ASX:MET) - met price drop, 7866515, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MET
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0.00% 39.0¢ mt isa metals limited

Before raising $14.4M MET had 137M shares and a share price of...

  1. Squadger
    869 Posts.
    lightbulb Created with Sketch. 33
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    09/02/11
    15:19
    Post #: 7866515
    Before raising $14.4M MET had 137M shares and a share price of 0.76 so its market value was $104.12M.

    After raising $14.4M by creating 20.57M shares (sold at $.7)its number of shares became 157.57M and its market value should have become $(104.12+14.4)M= 118.52M.

    SO it share price should have dropped to 118.52/157.57 =$0.752.

    The drop to less than 0.7 yesterday seems to be an overreaction. Especially since the spot price of gold has risen to USD1362 as I write.
    MET Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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