just did some calcs on MOS cash position.in their latest...

just did some calcs on MOS cash position.

in their latest presentation MOS had $21m cash. they said they had sold Kimu for $US9.5m (say A$10m)total $31m.
with 886m shares on issue, thats 3.5c per share!

with a S/P of 9.4c that means all the other assets are only being valued at about 6c by the market !

so assets that are earned $8.6m EBIT - thats about 1c per share. so thats only P/E of 6x ?

all that infrastructure, all those permits, all that gas and oil reserves is worth way over 6c p/s.

at some point someone will look at a t/o.

cheers