Imagine thousands of trucks flooding the auctions at once. Be...

First 7 Last

Share
Profile

Follow
zhanginu

1,833 Posts.

491

29/07/15

19:04

Post #: 15716167
Share

Originally posted by jdawg ↑

People too readily forget firstly that NTA is, even after the writedown, probably several times the current SP, and secondly that if one were to look at the non-mining component of the business, it seems in pretty good shape.

This is a risky stock but I think the market underestimates its ability to deliver value to the shareholder. It isn't a mining company after all...its assets can be more easily sold and the conpany can be more easily taken over.

Expand

Imagine thousands of trucks flooding the auctions at once. Be lucky to get 30c in the dollar. All existing contracts will be null and void as soon as receivers appointed so banks should not want this to fall over.

MCS Price at posting: 9.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BEO

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

ASX Market Close: Index treads water as Energy stocks lead

WC8

Wildcat’s PFS elicits lacklustre response

EMD

Emyria Advances kicks off National Rollout with Avive Health Agreement

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Imagine thousands of trucks flooding the auctions at once. Be...

Top Stories

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

ASX Market Close: Index treads water as Energy stocks lead

Wildcat’s PFS elicits lacklustre response

Emyria Advances kicks off National Rollout with Avive Health Agreement

Featured News