CMY 0.00% 0.5¢ capital mining limited

Why is it a concern buying this at .4c, brings it back to approx...

  1. 647 Posts.
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    Why is it a concern buying this at .4c, brings it back to approx 3mil mc with 2.4mil in cash. To me it looks like a very cheap shell! What am I missing?
 
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Currently unlisted public company.

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