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3.85% 25.0¢ labyrinth resources limited

Interesting situation here, am I right in thinking, the interest...

  1. oscarone
    6,676 Posts.
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    12/05/11
    21:43
    Post #: 8393662
    Interesting situation here, am I right in thinking, the interest earnt on the 53 million invested pretty much funds the projected quarterly expenditure (900K). So appart from opportunity costs, its not an overly risky punt at current prices. (given cash backing is @ 23cents)

    Also the AUD has gained some strength against the Yuan.

    Oscar

    DYOR
    LRL Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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