OKJ owns 3 million ELM and 3 million KRM shares. It has about 1.6 million in cash.
On current prices, cash backing is ~35 cents.
Currently trading at 30 cents.
Only 32.5 million shares on issue.
check out who the chairman is and latest director purchases.
unrealised gains of 3.855 million for half year dec 2010.
this is possibly the best shell on the market with great exposure to 2 great stocks.
Note that I hold OKJ and ELM.
OKJ owns 3 million ELM and 3 million KRM shares. It has about...
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