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mhlld

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mhlld

Re: Calinvestor post# 789

Friday, 10/21/2005 7:56:32 PM

Friday, October 21, 2005 7:56:32 PM

Post# of 1286
Calinvestor, SN acquired their Aussie coal properties in 1998 for $5.24 million(cdn). SN currently has $1.8million(cdn) in cash. At the close today, SN's market cap is $7.12 million(cdn), which is the equivalent of the 1998 purchase and cash.
It doesn't look to me as if the market gets this yet. Its no wonder Rozier has been buying. Nothing else is priced into the stock, not a sale of Middlemount or a potential JV on Ownaview or Collingwood. All IMO of course.
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