IPR 0.00% 4.1¢ ipernica limited

cash backing

  1. 365 Posts.
    lightbulb Created with Sketch. 2
    They will now have about $31,000,000 in cash. They have about 282,000,000 shares on issue. Thus a cash backing per share of 10.9c. We still have statmux with a $28 million award but awaiting on judges decision (wouldnt it be great if it came out tonight from Texas!!!)So if we get $15 million of statmux that would then give a cash backing of about 16.5c per share. What sort of multiples should this trade on now? Say 2-3??? possibly 30c tomorrow on present $31 million position I think
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.