Anaconda have to make this payment to QUE. It really means this payment plus what they have in other cash etc, would give them a cash backing of around 43c. Not bad when you consider they are trading at 25c. I also would imagine that this will get some press tomorrow. lets see what happens.
Details:
> * Queste Communications (QUE) announced today that the agreement
> between their 48% owned subsidiary Central Exchange and the Murrin Murrin
> joint-venture has been triggered.
> * The trigger, a combination of the 12 month average LME nickel price
> and the US CPI will result in the Murrin Murrin JV paying Central Exchange
> $19.05m.
> * ANL's share of the payment is $11.43m.
>
43c cash backing-trading at 25.5c
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5.0¢ |
Change
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Mkt cap ! $1.353M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 20000 | 1 |
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