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6.6¢ cradle resources limited

Thanks Pygmee, i,m confused with how you calculate our share is...

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traydor

3,634 Posts.

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28/11/16

08:47

Post #: 20924108
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Originally posted by pygmyhipppo ↑

I think the Argonaut note mentioned a "see-through value" for Panda Hill of USD 750M-1.1B, so that would be half that for Cradle's 50% share.
It also assumed a total of 455M shares on issue post dilution from 50% equity contribution to Cradle's share of the finance. I have no idea how likely that particular figure is, but I think some dilution from here is likely.
If we run with that, it would mean USD 0.82-1.20 or AUD 1.10-1.60 per Cradle share. Not quite a 10 bagger, but I'd take it. GLTAH

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Thanks Pygmee, i,m confused with how you calculate our share is worth half the value of theUSD 750M-1.1B.

I know tremont and co own half the shares, i thought its just like them being majority shareholders. If some one pays 200 million dollars for us we all get $1 per share owned by all....hope this makes sense

CXX Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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