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19.0¢ new century resources limited

Expectations, page-71

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semi retired

4,172 Posts.

625

14/01/19

15:50

Post #: 37109321
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Originally posted by varient ↑

Originally posted by semi retired
I can't believe NCZ is in production making sales and trading at this low level , my guess there are individuals able to fool with the share price for their trading agenda , only a matter of time before that ends, I think the cattle station part of the property owned has been forgotten, any one have a guess what that is worth ? have a good look at what you have as an investor before you sell.

https://www.newcenturyresources.com/company-research/
The AGM notes said that they are seeking to divest the cattle station (49% ownership). ~35,000 cattle = ~$35M. There is 7000km2 of land, at $100/ha is $70M. So very rough ballpark figure of $50M worth total for the company.

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Thank You Varient , Well there you go, that's a significant miss by the market , $50 million would be a very nice little return of capital for shareholders for the cattle station and Stock,

NCZ Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
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