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5.63% 33.5¢ aic mines limited

Ann: Return of Capital Update-IAU.AX, page-4

  1. eshmun
    12,259 Posts.
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    17/08/16
    11:33
    Post #: 18537289
    Yes. Forgot about 2 days for settlement.

    Based on the company's June 30 estimate of cash held after capital return of $26.3 million and ~347.3 million shares on issue, cash backing should be about 7.5cents. Now trading at 6.7cents or about 11% below cash backing. Eshmun
    IAU Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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