Only point of note is Chin has converted 85% of reserves into USD??? Strange considering the likely transaction costs involved plus the speculative nature of such a move
They have been talking of "qualified pipeline" for 12+ months with no action
The next big payoff realistically is at least 3+ years from next acquisition date, all the while they continue to burn cash with another EBIT loss of $3m, the only (small) operational asset continues to regress and the Intueri holding value continues to fall
Not sure how the 0.77 NTA per share was calculated?
AWN Price at posting:
55.0¢ Sentiment: None Disclosure: Held