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About the same as my math, only downside is the ROC does not...

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Klue

3,905 Posts.

47

23/09/16

16:37

Post #: 19384715
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Originally posted by ddzx ↑

the math

currently 417M shares

currently $24.5M in cash or 5.9 cents per share

after $2M acquisition of Wilcherry Hill = 5.4 cents in cash

if buy 19.9% of TYX at 4 cents = 4.6 cents in cash

after capital return = 2.6 cents in cash or $10.5M at 31/12/16

.........

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About the same as my math, only downside is the ROC does not proceed....but you are still buying well below cash backing, so no downside. IMO.

AGS Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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