Weined IMO your point # two could be slightly misleading, although I am sure not deliberately. Section 9.2 (My fave bit of the whole report) of the independent experts report states that they expect future maintainable earnings of $10m per annum (3.7 cps). That is about 3.7 cps earnings ignoring slightly reduced interest, depending on refi rate etc.
There is refi risk in Feb. It may be a small risk (only the CBA will know probably at this stage), but a binary outcome here!
If anybody wants to read the report it was released 21/9/09, and will be really important reading if you are going to invest in this co!!!
I may or may not invest in this at some stage depending on the SP, and maybe after CBA refi risk is gone. Do some reading!!!
CXG Price at posting:
19.7¢ Sentiment: None Disclosure: Not Held
