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"Something about being a non material...

  1. redant
    3,130 Posts.
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    03/10/20
    07:32
    Post #: 47826455
    "Something about being a non material asset....unbelievable."

    That does seem unbelievable Oz. Have a look at Note 2 to the Annual Financials - Lyramid has total asset value of approx. $6.6m and Advangen has total asset value of approx. $8.3m. I would think on those figures that Lyramid is a material asset. I haven't looked further into the valuations at this stage but am guessing that there are a few intangibles in them.
    CDY Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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