RND TBR NST

East Kundana valued at $800M in SMH

  1. worzel1
    1,371 Posts.
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    21/07/14
    10:35
    Post #: 13688685
    Michael West at the SMH/Age valued a half share in the East Kundana Joint Venture at $400M over the weekend.

    Not bad for an $75M investment, that also included Kanowna Belle, only 5 months ago.

    "Tribune and its sister company Rand Resources rarely issue shares or options, they never boast about the swelling $400 million value of their half stake in the fabulous East Kundana Joint Venture and the fact they will soon be churning out a $90 million profit, after costs."

    http://www.theage.com.au/business/s...ok-so-good-20140718-3c6od.html?skin=text-only
    NST Price at posting: $1.79 Sentiment: Hold Disclosure: Held
    RND Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
    TBR Price at posting: $3.15 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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$1.81 		Change
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