weekend aftermarket lounge 14 - 17 june, page-13

Thanks Fib I checked out those cashed up micro caps.

PNL: $8.8m cash cf $5.1m market cap. Gold drilling in Brazil, with assays pending. Low gold price explains the apparent value, so maybe avoid.

QBL: $4m cash and at 0.8c per share $2.2m market cap. Company is in late stages of finding a new project. I guess the bauxite didn't work out. This is the most interesting of the group. Value gap explained by being just a cash box. Is management any good?

RER: DRC gold. None found yet. Enough said.

RBR: Rubicon Resources. Cash box with market cap > cash. Not good value here.

Conclusion: The relentless search for value goes on. QBL worth buying if you like management.