On today's prices, we should then be trading at 27c or 28c post-distribution with 25c of cash-backing.
Hilarious stuff.
JPGM - don't worry mate. I am amazed, but definitely hanging in there.
Sense tells me to buy some more, but I am pretty heavily loaded up now. I just can't make sense of why we are so undervalued (and before people respond and say there are plenty of undervalued stocks on the market, I am talking about our assets actually being valued at close to zero when you deduct the cash). I justified it on the basis that the market thought there was a strong risk that the sale would not happen, but we then had firm confirmation today that it will be going through and still there was no reaction. I expect to see no reaction on Friday either when it becomes official.
Usually when something is too good to be true, it usually isn't. But I have racked my brain for months in this case now and it seems to be the exception to the rule.
EXS Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
