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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock -- Ignore unavailable to you. Want to Upgrade?


To: M. Merriam who wrote (57)1/30/1999 9:39:00 PM
From: Ciao  Read Replies (1) | Respond to of 248
 
This is from their Dec. 14 news release;

Noble is owed a net amount of $94.0 million under the arbitral award and it is actively pursuing enforcement of the award in Ontario and elsewhere. The Company's application to enforce the arbitral award in Ontario is currently scheduled for early 1999.

The company still has $1.50 cash / share and with earnings of .42 for 9 months, the stock appears to be severely undervalued.