CBH coolabah metals limited

Zoose,As of 6/08Total Assets: 506.52mTotal Liabilities:...

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    Zoose,

    As of 6/08

    Total Assets: 506.52m
    Total Liabilities: 350.46m
    NTA: 150.78m

    However without looking into it futher again, convertable bonds where issued in 07 fin year worth approx $232m, making Assets larger then it probably really is.

    Assuming the stock prices isn't going back into the $0.60's for a long time (convertable price would probably be around there) and holders won't convert the bonds then the true situation is roughly:

    Total Assets: 274.52m
    Total Liabilities: 350.46m
    NTA Aprox: -75.94m

    Do your own research into the above. I forget specifics.
 
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