We have $10m in the kitty and a bunch of worthless tenements, MC is $20m. Clearly overvalued.
When will management actually try and create true value for shareholders.
They will have to fork out more funds to secure a decent project, then commence exploration/drilling, and before you know it another CR will be upon us.
I remember when EUC had a MC of over $150m and hadn't turned a sod or found anything of value - thanks to their pump crew!
12.5% up on nothing, page-5
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Last
1.0¢ |
Change
-0.002(16.7%) |
Mkt cap ! $12.95M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $6.115K | 595.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3852068 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 116235 | 1 |
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| ASO (ASX) Chart |