"At around 70 cents a super fund trustee must actually understand the business and appreciate that there is value post dividend ie. it is no longer a simple calculation. "
At around 70c they buy the stock for 70c-38c-12c = 20c with cash backing of more than 15c plus 1.5c additional franking credit plus future cash flow from WD & royalties plus large tenements plus possible cash flow from sale of Mt Colin. I don't understand how it is complex calculation unless they employ people with limited capabilities.
EXS Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
