It appears this companies main asset is US$41 mio held in US Banks,plus its investment in the Cameron gold project of about $8 mio.
THE SHARES CURRENTLY HAVE A CASH BACKING OF A$34.5 mio and bearing in mind that US$41mio at .about .87 to the A$=A$47 MIO.
This company is clearly a cash box with a currency play slanted to the US$. Ad to that they still have the option to buy back a further 15 Mio
of their own shares under their current share buyback arrangements due to expire in March 2015.Not a lot of downside IMO.
- Forums
- ASX - By Stock
- CHN
- Ann: Full Year Statutory Accounts
Ann: Full Year Statutory Accounts, page-2
-
- There are more pages in this discussion • 1 more message 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 CHN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.52 |
Change
-0.053(3.33%) |
Mkt cap ! $605.8M |
Open | High | Low | Value | Volume |
$1.57 | $1.59 | $1.52 | $1.253M | 810.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 37480 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 17113 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 32350 | 1.520 |
13 | 37709 | 1.515 |
10 | 38816 | 1.510 |
11 | 62437 | 1.505 |
11 | 150138 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.525 | 16013 | 11 |
1.530 | 41480 | 11 |
1.535 | 38296 | 10 |
1.540 | 17247 | 6 |
1.545 | 90085 | 6 |
Last trade - 11.49am 02/07/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online