Short Term trading Week Starting: 17 Aug, page-109

I seriously dont know how other companies with no assets, no cash and no directors holding a "major" interest are getting valued higher then MEU which has the following.....

MEU run down....

Market cap $3 million

Cash $800k

Low cost operation, director gets paid $1 per year! Not only does he work for one dollar per year but he has also been accumulating a 12% share holding in the company ON MARKET with his own money over the past 3 months, and continues to buy.

Assets :

Massive gold leases surrounding challenger gold mine which produced over $1 billion in gold. Exploration currently underway.

Melton copper project, currently being planned to drill.

Western Australia, nickel, gold, graphite leases.

5million lb uranium deposit ready to be mined, just below surface, low cost and right next to uranium plant.

All in Australia and all this for $3 million market cap with director buying on market?? Seems to good to be true or just a little unknown company??

There are shells listed on the ASX with no assets, no directors holding shares and market caps larger then MEU's.

Please DYOR