I could be wrong/recalling incorrectly, but I think some here have said companies rarely trade on cash backing. If you have said that, can you clarify what you meant?
From what I've seen, most companies trade way above cash backing. Stands to reason there's a chance Leo will be like that too? I know they're giving back tranche 1, but we could potentially trade above cash backing of tranche 2? We might need a project as well to do that.
General Discussion, page-10552
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