Big dig, the question was posed as to what the scenario would be if the company became a complete cash box. In that scenario, it could not explore until it bought assets. In that scenario, if it traded too far below cash-backing, the arbitrage is that it could be taken over at a premium to the share price and the acquirer could effectively do this for a risk-less profit. If you see a cash-box trade at 40% below cash-backing then please let me know and I will arrange to buy it myself.
Rosyoutlook, market cap now is over 36m, so I think that's where we got different answers. Cash-backing is therefore 13c. Cheers
cash-backing equal to market cap, page-18
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $27.04M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $2.927K | 284.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1722301 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1100272 | 4 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| AEV (ASX) Chart |