I guess that holders will be wondering when the rot is going to stop ?
I always look at market cap, and work out what leases I think are worth a little speculation value, what is worthless, and what has some proven value.
I see all of the MAN leases where they are looking for PGE's as worthless, there gold leases as a speculative value of about 3 million, and that is it.
Cash of about 15 million, puts the market cap at less than 20 million, maximum of 25 million for excitement factor.
Then as a investor I will look at how much of there cash will be lost on what I think will turn out to be worthless.
So I think that the share price could settle at around 5 cents short term, then much lower as the cash is drawn down.
I'm sorry to say it, but in my opinion, this company has nothing of value, other than cash in the bank.
MAN Price at posting:
7.8¢ Sentiment: Sell Disclosure: Not Held
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