How can they be trading a 5x below cash? They have no debt. And 1.75m in PP&E. Assume you write off all exploration expenditure and say the other assets they have can't be sold for half their book value, they are still worth 5 x Market cap surely. Anyone got enough cash to buy a majority stake and then just return the cash to shareholders? Easy way to make a few mil.
Am I missing something?
How can they be trading a 5x below cash? They have no debt. And...
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42160 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 15160 | 1 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| SOP (ASX) Chart |
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