SRL 6.59% 42.5¢ sunrise energy metals limited

Explanation: What is happening right now with CLQ & why CLQ is about to enter a bull run, page-3

  1. 3,387 Posts.
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    Hi @ebner, the net tangible assets per share calculation was undertaken by CLQ and is reported in the Appendix 4E.

    From what we can glean from the balance sheet:
    • Financial assets = c.$79m (cash) + c.$4m (trade and other receivables) + c.$15m (R&D incentive receivable) = c.$98m
    • Property, plant and equipment = c.$22m
    • Exploration and evaluation assets = c.$121m

    Subtracting liabilities leads to net assets of $237m.

    Management would be more than willing to provide further colour on this if approached I suspect.
    Last edited by T.E.P.: 11/09/19
 
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