NHC 0.00% $4.73 new hope corporation limited

Someone correct me if I am wrong but on back of envelope figures...

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    Someone correct me if I am wrong but on back of envelope figures the 52 week low today of about $1.40 would equate to the actual Cash the company hold. Basically the current share price reflects the Cash Deposits only (although a lot would have gone on new Coal Co. purchase I suppose?)....and share price bears very little cover of the Coal assets...and its a bloody Coal company!!!!....what a strange state of affairs this market has become.
 
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