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For everyone thinking SP is under cash backing, SP is above it....

  1. Invesorys
    768 Posts.
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    30/09/16
    14:18
    Post #: 19540718
    For everyone thinking SP is under cash backing, SP is above it. Approximate cash burn per quarter is 2.5m. Last quarter had 37.8m in liquid assets. That means 35.3m in liquid assets as this quarter is over. That equates to 22.8c per share. (Note: This doesn't factor in the interest earned on the treasury notes of approx 14m and assumes a cash burn of 2.5m per quarter.)
    Last edited by Invesorys: 30/09/16
    1PG Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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