Unfortunately none of the $2.4mil in net profit/pa actually shows up in their audited accounts to 31Mar08 due in large part to foreign exchange losses - it would seem that the bulk of their $A8mil in cash is held in a USD account for some strange reason.This cash is also probably held in their Cayman Islands registered subsidiary - you have to ask yourself why they need such a subsidiary but it has only been registered since the Chinese gained control of Lion.
Unfortunately the 2.5% Working Interest in the Seram JV translates to a 1.5% Net Revenue Interest.
I still think it looks undervalued but this stock is not without its risks.
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.23M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 22730 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.023 |
2 | 195237 | 0.021 |
3 | 375500 | 0.020 |
4 | 636000 | 0.018 |
2 | 1030000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 22730 | 1 |
0.028 | 204152 | 2 |
0.029 | 17275 | 1 |
0.030 | 651243 | 7 |
0.031 | 342500 | 3 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
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