IND 0.00% 19.0¢ industrial minerals ltd

MC $1.7m, Cash $1.6m, Shell Going Lithium?

  1. 5,713 Posts.
    lightbulb Created with Sketch. 8069
    So:

    Market cap :$1.7m
    Cash: $1.6m
    EV: $0.1m


    Currently doing its DD on a potential acquisition which will be finalised by/around end of June (3 weeks away).

    Will probably go Lithium like most others which will mean an instant re-rate to at least $5m market cap or ~3.3c (that's a three-bagger).

    Should be trading at 2c minimum now?

    IND.jpg

    Looking forward to this one popping very shortly.

    Cheers,

    GB.
    Last edited by Green Bull: 08/06/16
 
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