Most people know that I am the first in line to criticize management when the Shi*: hits the ceiling fan but I actually think that if there is a group who is willing to fund one last dance with the bride of Godzilla that why not wait and see what happens. It doesn't mean I plan to add to my insignificant holding (was alot more at one stage).
And there is still value in Taronga and Pembroke/Mt Cobalt either by mining or selling the assets off.
I actually think breaking up the assets may actually unlock some value. Surely we could extrapolate that if 40% of Granville is worth 1.5m then the total value is 1.5/ 40 x100 = 3.75 m plus whatever they raise at IPO . And one would think if sold individually you might get 2M for Taronga and 1M for Pembroke/Mt Cobalt.
So this would give you 6.75M compared to a current market cap of 5.1M.
Food for thought.
Christopher
Ann: General Meeting for Share Consolidation, page-89
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add C7A (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $2.401M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $12.04K | 968.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 169690 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 230310 | 1 |
View Market Depth
| Last trade - 15.16pm 23/07/2024 (20 minute delay) ? |
| C7A (ASX) Chart |