Dancing,
That was as at 31 Dec 2014.
I think the more correct value would be nearly half that NTA and 2.5 - 3.0 cents is more reflective of its intrinsic market value with a 25% chance of longer term survival unless some major breakthrough is achieved. The funny thing with accounting is the artistic manner in which it can be presented, as you know well.
The other thing is the shape changes to their current debt-holders. Deferred capital repayment by 50% and a refinanced interest rate of 7% (this is from the US mind you and their OCR equivalent is 0.25%) so they also carry the currency risk on top. Plus the conversion ratio of the outstanding convertible bonds. Ouch! Ouch!
Dancing, That was as at 31 Dec 2014. I think the more correct...
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |