Anyone remember this?
Does this mean that they hold close to 75m in cash?
How much of this cash have they used?
If they still hold a significant portion... you'd be paying around $100m for a business with $50m cash and "potential" depending on the quality of the business... It appears to be tarnished at this stage.
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- Ann: GSW Completes Over-Subscribed A$75m Institutional Placement
Ann: GSW Completes Over-Subscribed A$75m Institutional Placement, page-154
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