How much cash do they really have left after all liabilities are taken into account?
How can they fund 20% of WA-454-P?
4 years ago they had over $100 million in cash. At the time Telstra was $2.60. They could have bought 40 million TLS shares. They'd be worth nearly $250 million now. Not to mention $11.2 million in TLS dividends each year. If management had of used that money wisely what could have been?
MEO Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held