0.00% 10.0¢ copper strike limited

# Updated CSE value calc

1. 225 Posts.
9
Below is a spreadsheet showing the value of CSE shares at different SYR values.  Since CSE is 100% leveraged to SYR by virtue of the 11m SYR shares held, no other projects on the go and a stated intention to distribute or sell the shares, it is just another way of holding SYR.
SYR at \$4.10 values the CSE shares at \$0.312.  *Calculations based on the CSE announcement pre 2014 AGM

Column 1 Column 2 Column 3 Column 4
0 {colgroup}
1 {[email protected]}{/col}{[email protected]}{/col}{[email protected]}{/col}{[email protected]}{/col}
2 {/colgroup}
3 @ SYR share price = \$5.00 \$2.50 \$4.10
4 SYR Shares held 11,000,005 11,000,005 11,000,005
5 Proceeds of distribution \$55,000,025 \$27,500,013 \$45,100,021
6 Cost base of SYR shares \$300,000 \$300,000 \$300,000
7 Carry forward losses of 30/6/14 \$5,689,550 \$5,689,550 \$5,689,550
8 Taxable income \$49,010,475 \$21,510,463 \$39,110,471
9 Tax payable at 30% \$14,703,143 \$6,453,139 \$11,733,141
10
11 SYR shares to be sold 2,940,628 2,581,255 2,861,741
12 SYR shares to be distributed 8,059,377 8,418,750 8,138,264
13
14 Value of CSE 0.377 0.197 0.312

 (20min delay) Last 10.0¢ Change 0.00(0.00%) Mkt cap \$10.68M
 Open High Low Value Volume 0.0¢ 0.0¢ 0.0¢ \$0 0