REM undervalued9 Mar 2017 15:27
Quick 5 min calculation shows why REM is undervalued:
Market listed investments:
% holding Value Current SP shares in issue market cap
Bacanora 19.12% 17,190,792.00 0.81 111,000,000 89,910,000
EMH 20.76% 18,807,314.40 0.70 129,420,000 90,594,000
MMS 15.50% 1,615,091.99 0.07 139,800,973 10,419,948
37,613,198.39
REM shares in issue 7,777,690,000
Implied value per share £0.0048
Pretty much no value give to Yangibana, Greenland and our Megalit interest.