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.
Ann: Full Year Statutory Accounts, page-2
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Last
$1.06 |
Change
-0.055(4.93%) |
Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.04 | $1.833M | 1.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 947 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 2447 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |