Just noticed a massive one I missed... only started going through the books in depth after 4:10.... it's taken direct from Dec Quarterly....
"The Company provided Bridging finance of US$8 million to Timis Mining which was repayable to the Company in October 2015 and incurs interest of 3 month US LIBOR (London interbank offered rate) + 6%. The principal and interest was due to be repaid to Cape Lambert in one payment on 21 October 2015 and could be extended by the parties on mutually agreed terms. There has been no change during the quarter and repayment of the bridging finance is yet to be received by the Company. The Company remains in contact with Timis Mining to expeditate a resolution regarding the facility."
$8,000,000 USD/0.76 = $10.5mill AUD....
EV of less than $500,000k...
My calculations right or wrong? seems way too cheap.
Just noticed a massive one I missed... only started going...
Add CLE (ASX) to my watchlist
 (20min delay)
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0.1¢ |
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Mkt cap ! $10.47M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $153 | 153K |
| CLE (ASX) Chart |