RE: Little downside ever the optimist24 Jul 2018 10:06
...... however if you consider the current values:
A review of KDNC’s investments.
BCN Market cap: £93m KDNC’s 8% £7.44m
EMH Market cap: £29m KDNC 20% £5.8m
MMS Market cap: $C 8.5m KDNC 15% $C 1.275m
Auroch Market cap: $A 10m KDNC 7% $A 0.7m
Yangibana JV 30% Value ??? - years away
San Luis Value ???- at cost of debt, dilution & drilling risks
Buying into PREM (suspended) asset @ total cost of $5.5m
Greenland Value ??? - mothballed
Cash per Annual Report £2m......... & today after paying wages & down renegged CLN
Borrowings £4m - CLN due for final payments in September.
............
Where we were doesn't count for much, it's where we are that matters.