CUS 10.0% 11.0¢ copper search limited

re alanhawke

  1. 6,116 Posts.
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    CUS debt to equity ratio is fine. However, their accounting has tended to err on the cautious side. As you may have seen from their 1/2 yr, they have written down $18 mill or so on their investments in Fintronics. This would have given them a higher debt to equity ratio than normal, but judging by my earlier posts tonight, I suspect they are about to sell the stake for around $16 mill which will give them back a good wedge of cash. They also carry SPS on their books are a nominal amount, but the reality is that there are 2 other joint shareholders of SPS who would give their right arm for a chance to buy them out. Not to mention the value of 5500 ATM machines out in the field. So equity is good.
    Hope that answers your Q's
 
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