Your maths is off unless I'm missing something. YOW had $7m cash at the end of September 2020 vs a market cap of $8.7m at friday's close of $0.04 per share giving it a ~1.7m EV and $0.032 cash backing per share. Still very cheap, but for a reason...
[Source: Appendix 4c for quarter ending 30 September 2020]
[Source: 2020 Annual Report]
Ann: Board Changes, page-19
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| YOW (ASX) Chart |
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