LVR leviathan resources limited

58c what the f(*& is going on, page-10

  1. 2,499 Posts.
    yeah, just hope it isn't for some other sinister reason. they seemed pretty desperate to get out, judging from the relentless dumping

    by the way tas, wondering if you have any thoughts on the business itself. based on raw numbers this looks pretty cheap.

    from what i've seen they could put a dill in charge of this, suspend all further capital investment, redistribute the 35m+ cash in bank to shareholders, and if the cashflow from the last half year can be sustained this will have paid off itself in under 2 years.

    also i noticed ray chantry at baillieus has given a rare strong buy on this
 
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