re: Ann: ACTIVITIES REPORT FOR THE QUARTER EN... nicleeson,
As I suspected, cash backing 5c per share but the spending is approximately $200k per quarter and could be more once you drop the interest earned.
That is why i exited with the latest run up.
If Sir Ron either tries to wind up or take over its going to be for less than the cash backing.
So unless the impact of the mop up of the unmarketable parcels is material (which i doubt) i dont think its going to get much better than where it is topday. Already the SP has dropped with the last sale yesterday at 4.5cents
- Forums
- ASX - By Stock
- MMX
- Ann: ACTIVITIES REPORT FOR THE QUARTER ENDED 30 S
Ann: ACTIVITIES REPORT FOR THE QUARTER ENDED 30 S, page-3
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online