cash and the buyback

Interesting to note Psas cash position with the falling AU$ and also the buyback.

As of today Psa has AU 11.5c per share in cash and this rises to 11.7c if they can buyback all they propose. $0 in the stock for Marathon,MP270 or for the drilling at Hummer which is close to MP. The other aspect ,that only accountants pay heed to it seems, is the US$100m in tax losses tat can be applied to any production they buy in the US.

No one cares at the moment but Psa is lean and has valuable assets that will , at some juncture, be monetised.At anything under cash it is cheap.