Last of the Mohicans Do you have an update ???? Cheers

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straykiwi

319 Posts.

23/07/15

12:06

Post #: 15681019

Originally posted by Last of the Mohicans ↑

Updated table using A$0.4725 to £1

Column 1 Column 2 Column 3 Column 4 Column 5

1 £ $

2 0.245 0.519    3,629,630 0.027661 0.024460

3 0.250 0.529    3,703,704 0.028225 0.025024

4 0.300 0.635    4,444,444 0.033870 0.030669

5 0.400 0.847    5,925,926 0.045160 0.041960

6 0.470 0.995    6,962,963 0.053063 0.049863

7 0.500 1.058    7,407,407 0.053130 0.050118

8 0.510 1.079    7,555,556 0.054193 0.051180

9 0.600 1.270    8,888,889 0.063756 0.060744

10 0.750 1.587 11,111,111 0.079695 0.076683

At 1.6 cents Argo has a market cap of A$2.1M, yet its true value based on its 7 Million PANR shares is 2.44 cents (that includes the deduction of A$425K to cover known debts) otherwise it would have a cash value of 2.76 cents per share.

As you can see from the way the dynamics of the PANR holding & currency rate work, at the current exchange rate, the true cash value of the company moves just over 0.1 cents for every 1p movement in the PANR share price.

News on the spudding of the Blackstone Minerals 1 well in Polk County Texas, is very close now.

LOTM

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Last of the Mohicans

Do you have an update ????

Cheers

AXT Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held

Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5
1	£	$
2	0.245	0.519	3,629,630	0.027661	0.024460
3	0.250	0.529	3,703,704	0.028225	0.025024
4	0.300	0.635	4,444,444	0.033870	0.030669
5	0.400	0.847	5,925,926	0.045160	0.041960
6	0.470	0.995	6,962,963	0.053063	0.049863
7	0.500	1.058	7,407,407	0.053130	0.050118
8	0.510	1.079	7,555,556	0.054193	0.051180
9	0.600	1.270	8,888,889	0.063756	0.060744
10	0.750	1.587	11,111,111	0.079695	0.076683

Last of the Mohicans Do you have an update ???? Cheers

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