Until the company can recover most of the subrogation money it pay out, and make a net profit. Chinese authority won’t let them transfer money outside of the country. It will take another 6 months for the company to recover from their current crisis. But when they do, the share price will be worth at least 3x now.
If you read the prospectus. The original owners contributed 80 mil into the company over the course of a few years.. this work out to be around 16 cents per shares. I would think, the owners will want to get back at least their original investment before closing the shop. Unless there is further loss, or maybe claw back of the subrogation money. Current NTA stand at around 20 cents per share.
- Forums
- ASX - By Stock
- Well someone had to do it
Until the company can recover most of the subrogation money it...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DXF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online