WRL washington resources limited

do you want to make money

  1. 473 Posts.
    guys,

    do the math on this one...

    the value of WRL's share in Northern Uranium (NTU) is worth about $4.9 million. They have cash in the bank of $1.3 million. So on this basis alone, their assets are worth $6.2 million.

    At 21 cents, their market cap is worth $7.9million.

    So the market is saying that all their other assets are worth a measly $1.7million.

    So the question then becomes, is the sum of all the company's other assets worth $1.7million.

    If you think it is, then please explain it to me, because I cannot understand this insane logic.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.