SRX sierra rutile holdings limited
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Balance sheet 2014

  1. cafa
    8,918 Posts.
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    09/06/15
    21:07
    Post #: 15438091
    In checking page 83 of last year's accounts for the exchange rate question, I noticed an entry which appears a little odd. I had not noticed it previously.

    It shows net financial assets of 9m Japanese yen, and zero for the previous year.
    Now this is only about $100k, but clearly they are doing something in Japan. Or in an area where the operational currency is yen.

    I know they mentioned that they wanted to get into the Japanese market, but I don't see why they would have assets there. Any takers?
    SRX Price at posting: $29.20 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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