I wouldn't say cheap, so much as reasonable value. From the Q4 report they should have about $200k in cash plus 25m TZN shares, which at around the 7c mark is worth $1.75m, which pretty much takes you to the MC of $2m.
But they own the shares and they decide what to spend the proceeds on when they sell them. So at this stage I reckon you're better off sitting in a queue to buy TZN in your own right, if you don't already have some.
I wouldn't say cheap, so much as reasonable value. From the Q4...
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.77M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 144322 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 366010 | 2 |
View Market Depth
| Last trade - 16.12pm 16/08/2024 (20 minute delay) ? |
| TZN (ASX) Chart |
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