lagging behind!!, page-2

sg75,

The recent quarterly shows $2.9m in the bank so add that to the 11m SYR shares for a NTA of around 16.4c. So yes, at current price of 14.5c it is lagging behind.

Over the last couple of months it has been trading at a few percent +/- it's NTA backing but with much less volatility than SYR. If it lags too far behind NTA, management have many options to rectify this (sell some of the SYR holding, in-specie distribution of SYR shares to CSE holders etc) so I wouldn't get too worried.

The best thing about CSE is that there is absolutely nothing ascribed in the NTA for potential of future projects, management experience and contacts etc which are worth a fair bit IMO so at current prices it does look very 'cheap' and provides a good 'margin of safety'..