Any-one knows if GBP still has about 25 mln cash? Because with 175 mln shares on issue this means 14 cents per share.
A drop in share price equal to the London drop (-32%) would mean the GBP is going to trade below cash backing.
This should mean further downside risk is Limited.
Any ideas?
Cheers
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- cash backing about 14 cents?
cash backing about 14 cents?
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