IDG 0.00% $3.50 indago resources ltd

IDG currently have approx 99m shares on issue, so current mkt...

  1. 79 Posts.
    IDG currently have approx 99m shares on issue, so current mkt cap is $29m - they have 67.5m tka shares (tusker), which lists at 1pm - at 30c, this equates to $20m.

    they had $12m in the bank at the end of september and have raised a further $9m in october, so current cash would appear to be around $21m

    they also have other assets, so on my rough numbers stock has a nta of approx $40m. If tka goes to 40c, then this will increase NTA to $46m, or 46c per share.

    Current price of 29c looks cheap on this basis.

    dyor. im in
 
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