Kenmare Resources - Re: KMR Stream Log - Nice to Michu: As far...

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Re: KMR Stream Log
18:36 21/06/2016
Phonner
0 replies 0 0

Nice to Michu: As far as I can make out Nice to Michu, when you take consolation into account; ie. the new shares divided by 200, it would give the rights issue shares a price of about 0.05 pence. So lets say the middle distance between the new shares and the old ones would be, say 0.07 pence. But taking into account that the company will be more or less debt free and with some monies to keep going, there would be a good bit of upside priced into the shares, so I suppose that is why they are trading at around a penny today.

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