PEM
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0.00% 35.0¢ perilya limited

exciting time ahead, page-13

  1. Newjo
    1,879 Posts.
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    09/01/09
    15:22
    Post #: 4675834
    Just quick maths:

    CBH had $125M at 30 June, $56 million at 31 December 2008, and falling fast (over $66M gone in 6months). At this rate they are broke in 4-5 months!

    Contrary, the Chinese group's market cap is A$1.9 Billion. By contract CBH is around A$30 million.

    I think I would prefer the security of a A$1.9 billion company over a heavily debt, loss making A$30 million company

    NJ
    PEM Price at posting: 17.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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