BDM 0.00% 10.5¢ burgundy diamond mines limited

so reading the interim report, i see that the amount retained by...

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    so reading the interim report, i see that the amount retained by Cott is $5.3M roughly. Add this to the $1.1M cash held. Add back also the $1.66M

    So by year end, they will have $8M in cash, minus whatever they spend this year. this is equal to about 10c per share in cash.

    so with 77 million odd-shares out there, isn't this trading at less than 50% of cash backing?


    am i reading the report correctly?
 
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