CBH 0.00% 7.0¢ coolabah metals limited

annual report npat up 300 percent, page-4

  1. 7,163 Posts.
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    Looks like an excellent report , and totally in line with my conversations in the past few months with Bob .
    Worth noting was that no actual tax was paid due to tax credits . So in effect they made $ 56.2 m .
    Credits also extend way past next year I believe .
    Exploration is underway on no less than 6 projects .
    thats not a typo , 6 projects ,and all with great prospects .
    $ 238 m in the bank plus $30m payment from CDE due in a few months .
    So ...... $56m profit ,$270 m cash , 8.9% of TNG , ,6 major projects underway ,2 new mines by 2009 , Endeavour increasing production in this half year ,huge exploration upside ,,and still a market cap of $500m .
    Management have certainly got their act together in the past year and deserve a rerating for their performance .
 
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