More cash means the boss can sell us more of his undeveloped tenements like he did in 2022 when he sold us 80% of Paynes Gully for the discounted price of $8.4m which is now part of our $1m EV as per your calculation. To show how much he cares about shareholders he 'directed' MLS to look at his deal and charged us $2.4m just to look. We paid $2.4m just to look at something that we bought that is currently worth less than $1m despite shareholders voting against it. Then there's the incentive plan, that's another story.
MLS Price at posting:
2.9¢ Sentiment: None Disclosure: Held
