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0.00% 4.3¢ greenwing resources ltd

monday's age, page-2

  1. pattyp
    3,159 Posts.
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    04/12/08
    10:30
    Post #: 4571700
    It last traded at 9.9¢ a share for a market capitalisation of about $10 million. That looks on the skinny side of things given that Bass is holding about $8 million in cash, $6 million in receivables (net of creditors) and $1.6 million in inventory. Garimpeiro makes that $15.6 million (15¢ a share).

    This is what people should take note of...

    Plus...
    - $5M-$10M NPAT 2009
    - Under $20M to get Hellyer to production.
    - 150K-250K tonnes per year ( 5-years+ )
    - Huge Exploration upside

    BSM Price at posting: 10.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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