mgl: moto. new thread:calculations

The previous thread is:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=268053#847448

What is MOE worth?


MGL is now CAN$5.60
CAN$=$A1.15457

MGL has about 50 mill shares with market cap: 50 mill*5.6*1.15457 =$A323.27 mill.

There are 10.2 mill options/warrants: allocate 0.4 of the share price or 10.2*5.6*0.4*1.15457=$A26.37 mill.

Total market cap of MGL: $A349.6 mill.
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MOE.ASX (Moto) holds 98% of MGL.TSX (Moto Goldmines Ltd). or $A342.6 mill.

It has 274 mill shares and 17.2 mill options. Apply the ratio of 0.4 to the options-See MGL above-, so the total number of notional shares is 281 mill.

The market cap per MOE share: $A342.6 mill/281 mill or $1.22

(Yesterday's MOE price was $1.17 and the MGL price rose 6.67% on the TSX. Add that to $A1.17 and we get: $A1.23, very close to the stated $A1.22!).

Subject to audit,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.