Question for the 10c share price poster. Very very basic facts:
1) Cash on hand 30 Sept ( 6 weeks ago) is 205M
2) Number of shares on issue is 915M (per 2014 annual report).
Cash/Share = $22.4c give or take.
My educated guess is that even if the net assets (assets less liabilities) are worth zero (which is obviusly not the case) the company should not fall below this value unless there is some big cash burn (capital asset acqusition etc).
Am I missing something? Would be grateful for any educated input..
AGO Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
