nonsense, it means a lot in the current market where everyone is desperate for cash and have to raise money through dilution.
Nonsense, they've gained cash and lost an asset. If MAK sold Wonarah and they ended up with $100mill but no assets, how would the market value that? There'd be no clear way to value them because it would all depend on what their next asset purchase was.
cash-backing equal to market cap, page-5
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $16.44M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $151.9K | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2124692 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5314760 | 9 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| AEV (ASX) Chart |