What are the net tangible assets? Stock browser says zero tangible assets. Is that correct?
And who are the major shareholders?
Any major customers? I hope China isnt one of them. They are looking close to imploding under their debt load... aka yuan devaluation is inevitable.
But back to my main question... zero tangible assets??
So... going back to the half yearly accounts which are now 7mths old, nets assets say 6million with 5.4million in exploration assets. Interesting how those exploration assets are not factored in as net asset by any stock browser I look at. So what's the deal? Is it 5.5million for drilling holes in the ground. And wow, look at all the accumulated losses... 22million down the gurglur. And all this before the cap raise.
Hmmm a spec stock. Not exactly something tangible... that's what I see. Good luck if your risk appetite defines cap as a great buy.
CAP Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
