What I mean Lionel is that, as a shareholder, I hope the title to "all this for just one cent" is cent is correct. I actually read a new report by Shaw Stock broking report that said the same thing a few days ago.
However, the fact that there is a liability outstanding for tax (be it $40m or $52m) means that when the return is lodged (it won't be by instalment as tax payable was nil in 09/10) the bank balance will fall by over 10 cents per share.
So, the way I see it, the market is valuing those assets at 10 - 13 cents. Any thoughts?
EXS Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
