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.
It appears this companies main asset is US$41 mio held in US...
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$1.33 |
Change
-0.025(1.85%) |
Mkt cap ! $517.3M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.37 | $1.30 | $4.576M | 3.451M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13129 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 701 | 1 |
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