Holding in SYR worth $7.4m today (11m shares x 64c). Add the cash of about $3m ($3.1m as of early Jan)and that makes $10.4m of liquid assets. With 106.8m shares on issue that is a backing of 9.7cents per share. Trading in the 5 cent range you would think this has to be set for a decent rise soon - especially if they announce the acquisition of a decent project.
To get an idea of what is possible for CSE have a look at SYR. It had a mkt cap of $3m before it announced the deal to acquire the African assets. Its mkt cap is now over $60m in a few months.
You would think that CSE has gotta move up soon.
Add to My Watchlist
What is My Watchlist?