STB south boulder mines ltd

Ann: Update on De Merger of non Potash Assets - T, page-3

  1. 736 Posts.
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    re: Ann: Update on De Merger of non Potash As... It could be potentially worth a bit but not 2 sure. Personally why bother at this stage when it should have been done long ago when they had the chance. Could have a scenario where Duketon will be worth more than STB. At the moment MC is 50 mill with 20 mill in cash which gives a 30 mill value for both assets, take Duketon out and STB will be trading a lot lower and could even fall down to cash backing which would be about 15-17c, what a joke!
 
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