Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: bill718 who wrote (3521)	6/18/1998 8:15:00 AM
From: john	Read Replies (1) of 4718

Wayne, did you read the financials closely. ANZ has a net book value of .77 cents per share. Trouble with this picture, they in note 5 have valued their properties at 17 million, frankly I find it hard justifying 10 million for the Indonesian property. This valuation is approximately .45 cents per share. Take this 45 cents from the 77 cent book value in their statements you get low and behold ..32 cents. Thus the market has Antares valued correctly in my opinion 32 cents no more, they have really overstated the value of their assets in note 5 of their financials.

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