ASQ 9.09% 3.0¢ australian silica quartz group ltd

bau back on imf's web page, page-9

  1. 149 Posts.
    Btw, has anyone taken the effort to value the legal liability?

    60 million shares bought at $0.95
    Most people probably sold around $0.20-$0.40 cents.

    Say the average loss per person was $0.65 cents per share..

    This is $39 million...

    But they will probably settle at around half of this so say..$20 million is lost...But if you take the figure of only 8% cases being successful, the liability is like $3 million...

    The company is still good value with its massive pile of cash and bauxite tenements...AUD crashing, Coalition to be in Government, Carbon tax thrown out...
 
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