CHZ 0.00% 10.5¢ chesser resources limited

Ann: Company Update, page-2

  1. 12,007 Posts.
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    Doesn't seem like a particularly good deal for Sandon.

    If one buys shares for 3c and manages to get control and wind the company up there seems to be 1c/ share of cash as the pay off. But the directors may have agreed generous break positions with the CEO and staff, the wind up costs might exceed 1c/share.

    Are there any other assets of value, franking credits perhaps?

    bacci
 
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