AXP 50.0% 0.2¢ axp energy limited

Ann: Appendix 4C, page-15

  1. 2,327 Posts.
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    I see this once had a market capitalisation over $200 million +.  Was this based on blue sky potential? The stock just came on my radar purely by accident.  Seems if they could turn it around 2c a share would be a great buy.  What's this about 15 million debt? Are they effectively in the red with only $9 mill cash then?
 
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