There are other major liabilities, a portion of which would relate to Atlantic Gold, such as
1. accounts payables - $66.2m
2. interest bearing liabilities - $11m
3. current provisions of $10m, much of which relates to employees total remuneration that would have to be paid on termination
4. deferred tax liabilities - $11m, but perhaps this may never have to be paid if operations cease (so I am not sure about this one).
Besides cash, the only other major asset that could be readily monitised are the financial assets of $20.5m.
Their balance sheet looks pretty skimpy once you remove the cash and GMD shares - plant and other assets are not valued at much and may have nil value (eg past exploration expenditure).
loki
SBM Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)