Cashed up companies

[Markcoinoz]

One that no one has mentioned is CFE.

MCC has secured an exclusive right (until 30th April) to conduct due diligence for the acquisition of the project. MCC has paid a deposit of A$10mln to CFE with A$5mln being non-refundable.

MCC to pay CFE in 3 Tranches

$240mln end of April
$ 80mln 60 days after settlement
$ 80mln on the grant of a mining lease.

Therefore they should receive A$320mln within 60 days of settlement.

One would expect CFE to then decide to do some shopping for bargains.

Cheers markcoinoz

 

[wipz]

SEA - Sundance Energy Australia Limited.

$52.2 Million cash at bank, current market cap of 56million.

Only bad thing is opes prime holds 12% =[
Could be a good one to watch and pick up cheap once sold off.
Cheers

 

[bas]

UEQ- $18M in bank at last quarterly?

 

[niknah]

OSH, US$344m cash.

 

[nioka]

One that no one has mentioned is CFE.

MCC has secured an exclusive right (until 30th April) to conduct due diligence for the acquisition of the project. MCC has paid a deposit of A$10mln to CFE with A$5mln being non-refundable.

MCC to pay CFE in 3 Tranches

$240mln end of April
$ 80mln 60 days after settlement
$ 80mln on the grant of a mining lease.

Therefore they should receive A$320mln within 60 days of settlement.

One would expect CFE to then decide to do some shopping for bargains.

Cheers markcoinoz

I like this one. It will be well cashed up if the deal goes through and if the deal falls over it could still be a good proposition. I like the management. I became interested when I realised that Ian Burston had become Chairman. I hold a few CFE and hope that I can soon note that it is well cashed up.