RE: AAB net asset value = $1.14 Per Share.
HAVE YOU EVEN LOOKED AT A PRICE CHART FOR FIU AND/OR SIMMERS?
Probably not... Why? Because you're clueless.
Thanks for the lesson on international law and contract interpretation... wait - no, it was utterly worthless
Quick recap: AAB lends $10 million. Elects conversion, thus triggering the NSR instead. You now assign an NPV to that of $30 million (on TOP of the many millions it has already yielded/paid to AAB).
And you think a SOUTH AFRICAN court is also going to also award AAB (a CANADIAN company) the $10 million principal as well, punishing a SOUTH AFRICAN company?
HILARIOUS.
Why do we trade a such a discount? Because Bharti and co. are slimeballs who line their own pockets at shareholder expense. They could care less about us - They'd rather invest OUR money in more of THEIR ventures, than to either
A) return it to us
and/or
B) buyback our own stock
It is pathetic for management to suggest that there are other opportunities out there offering better risk/reward than our own common shares. But are they actively buying back stock at this levels? NO.
Furthermore, Crocodile Gold is the only REMOTELY liquid investment vehicle we own - and it is performing like trash despite gold reaching all-time highs.
You're assessment of the Strathmore project is also grossly misguided....
But welcome to the board - you're clearly an expert after, oh, one week of follwing AAB.