Having read all the posts regarding this stock I have tried to do my own research. The stock looks really interesting but there is no real information in the announcements. If I go to the last quarterly it says that there was cash at the end of the quarter of $15.1m which seems to include a borrowing of $5.1m so i assume real cash is $10m. Yet a number of the posts say TBR have bullion and cash of $100m. Where does this figure come from? That is a $90m difference which is pretty huge. This obviously makes a material difference because it alone (excluding value of the other assets) equates to $2.00 a share. If that is the case then why, somewhere in some announcement or quarterlies, is that not stated. If someone has the answer i hope to see the post.
TBR Price at posting:
$2.30 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)