re: good old boris gankes southern cross explorati Interesting...

re: good old boris gankes southern cross explorati Interesting stock this one - not that the mkt thinks so ;-)

As I make it, they have a mkt cap of around $3.7m, net assets of around $8.7m and some interesting new projects that will be financed by the transfer of their Fiji property into a property trust which should free up $4m cash. Their 5% holding in the Bigryli U project looks intersting - especially since Paladin has just bought one of the other jv partners (Valhalla), and the Canadian U company Dennison has brought into the other partner(EME)

All good fun stuff, sounds to me like this Ganke fella has been a bit full of it for years so gets a big fat zero for mgmnt credibility.

Question is - is it worth a flutter??

Cerainly you would have to treat it as a punt and not be in a position of having to take a quick exit becasue there is bugger all liquidity. They have survived 35 years and don't have much debt, so risk of them going under doesn't look high.

Part paids look like a better bet than the heads - there is only 2c uncalled yet they trade at a 2-2.5c discount.

mmm...better sleep on it..and not tell the wife if I do have a punt

Cheers
Zinc