If you read the statement of accounts released last friday, you see that once the capital has been returned to existng shareholders,they will still retain $27.4 million in cash assets which divided by issued shares of just over 450 million is a little over 6 cents per share in cash backing.
So if present trading is 3.6 cents, this could be a bargain in my opinion at these levels.
Raving1
what is the benefit, page-2
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