SRX 0.00% 17.5¢ sierra rutile holdings limited

Ann: Trading Halt, page-16

  1. 7 Posts.
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    Last quarterly says they have $20m USD in cash plus $36m USD in inventory which is held in Amsterdam ($81m USD of total working capital). If you assume they burnt through some cash and sell the inventory at a 20% discount, call it $45m USD in cash + inventory, even if they lose the mine that's equivalent to at least 15c AUD of value per share held offshore already.
    Last edited by bzaus1: 25/01/24
 
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