looking at the fine print of the announcement for the acquisition....
i understand as follow??
issue capital to Balama = 10 millions shares, i presume they will be 20 cents shares??
and incentive options to Balama with conditions??
capital reconstruction 1 for 67 so
prospectus issue at 20 cents,,,
i give a 3 bagger discrepency to attract participants = 60 cents?? which is very attractive??
at to day close = 328 millions shares x 2.3 = 7.5 mils cap =
328 millions reconstructed 67 for 1 = 4895000 new 20 cents shares
add acquisition 10 mils new shares at 20 cents + 4895000 = 14,895000 new 20 cents shares =
= 29,790 millions value company
as follow??
issue capital to Balama = 10 millions shares, i presume they will be 20 cents shares??
and incentive options to Balama with conditions??
capital reconstruction 1 for 67 so
prospectus issue at 20 cents,,,
i give a 3 bagger discrepency to attract participants = 60 cents?? which is very attractive??
at to day close = 328 millions shares x 2.3 = 7.5 mils cap = no acquisition included
328 millions reconstructed 67 for 1 = 4895000 new 20 cents shares
add acquisition 10 mils new shares at 20 cents + 4895000 = 14,895000 new 20 cents shares =
= 29,790 millions value company
shares to be issued at balama pre reconstruction 1.666.666.666 billions say 1,7 billions plus actual say 300 mils=
= 2 billions shares at today close = 46 millions value = divided by 14895000 = 32 cents a shares=
playing market value to attract investors??
so in the close of today you have a prospectus issue at 20 cents giving you 32 cents
good value but can it be sustained
usually after a new issue the price go down to under 20 cents
be carefull
i wait the job done
OGI Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held