KRE
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0.00% 6.9¢ kimberley rare earths limited

crazy-$12.4bill asset now at cash backing 15c!, page-5

  1. Vainglorious
    603 Posts.
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    18/06/11
    17:43
    Post #: 8556520
    Cash backed at approx 15c... this really is unbelievable.

    $17 million cash
    125.6 million shares
    http://www.asx.com.au/asxpdf/20110516/pdf/41ypb86wh239d7.pdf

    => 13.5c

    KRE may be undervalued (I don't know) but it is not yet at cash backing levels.


    KRE Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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