Yep they definitely should make it a bit clearer. I got a...

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23/12/15

14:33

Post #: 16675527
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Originally posted by basilbrush8 ↑

So net proceeds will be 4.3 million (although I'm sure they could bump this up a little with write-offs and other deductions), I’m assuming based on the wording the IES payment will be refunded 1.66 million, plus, don’t forget cash on hand at just under 2 million. I think IES is doing this is because for tax reasons. Which makes sense to them.

Hi to everyone, finally some action..

Now assuming the current quarterly spend continues until the end of next year (200k per quarter, 5 quarters including this) although I don’t see why it should continue that high now that things are being wrapped up and wound down, that would mean about 900k in cash left.

So add all this together 4.3+1.66+0.9= 6.86 million. Now divide this by the number of shares on issue (76,984,453- I know this number off by heart) and the net cash value per share is 8.91 cents.

Now if you ask me regardless of anything else, what is done is done, but I would prefer that the board just close up shop and divvy up the money so we can write off our losses and get on with our lives. Finally I think that KINA were crazy to pass up an opportunity to take the Pandora stake at this bargain basement price as along with their current holding would have underpinned their share price longer term.

Anyways, a Merry Christmas to all of you and a Happy New Year!
At least we didn’t lose the shirt of our backs, for those of us that can afford it.

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Yep they definitely should make it a bit clearer. I got a similar figure give or take 500 to 750 thousand dollars but it still adds up to a cheap share price imo assuming it all goes through!!

BDM Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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Yep they definitely should make it a bit clearer. I got a...

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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