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5,747 Posts.
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11/05/12
17:25
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Some more figures Pooh Bear
b = real value of assets
e MUX shares 30 million
bonds held 25 million
owed to KZL 20 million
f b - e = 50 million
g book value 500 million gross
h g/f = 10%
Now if B is Wrong and real value is 200 million
e MUX shares 30 million
bonds held 25 million
owed to KZL 20 million
f b - e = 125 million
g book value 500 million gross
h g/f = 25%
3 cents now becomes 14 cents
25% is pretty cheap
It is all in the timing
These are todays value
I hope we have 6 months for a rebound in mining stocks
IMOO
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