Unfortunately none of the $2.4mil in net profit/pa actually shows up in their audited accounts to 31Mar08 due in large part to foreign exchange losses - it would seem that the bulk of their $A8mil in cash is held in a USD account for some strange reason.This cash is also probably held in their Cayman Islands registered subsidiary - you have to ask yourself why they need such a subsidiary but it has only been registered since the Chinese gained control of Lion.
Unfortunately the 2.5% Working Interest in the Seram JV translates to a 1.5% Net Revenue Interest.
I still think it looks undervalued but this stock is not without its risks.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.613M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $1.191K | 54.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 376926 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 376926 | 0.022 |
3 | 375000 | 0.020 |
1 | 9000 | 0.019 |
5 | 466943 | 0.018 |
1 | 1000000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 100000 | 1 |
0.027 | 5056 | 1 |
0.028 | 500000 | 1 |
0.030 | 46000 | 2 |
0.031 | 212557 | 3 |
Last trade - 10.04am 11/10/2024 (20 minute delay) ? |
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