They say BLY is the bellwether of the mining sector, so it's always worth keeping an eye on. Thanks for the reminder, 5h.
Re CGH, is this an unusual way of calculating NTA? From their last financial report:
Net Tangible Asset Backing Dec 2012 Dec 2011 Net tangible asset backing per ordinary security 1 $0.0 -$0.28
1 As at 31 December 2012 net tangible assets are calculated as net assets of $226.6m (2011: $103.5m) less intangibles assets of $228.1m (2011: $171.5m) _____
Tangible assets minus intangible assets = NTA? That seems rather odd to me.
CGH Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
