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clock Created with Sketch. 12/12/22
20:22
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Originally posted by AppinTR:
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I'm really not sure what to make of this comment madau, if only it was that simple or truly reflected. I guess when you use the word worth it demands some explanation of how you determine worth?Yes SOI is 295,934,243 with the SP supported at 3.7c makes the MC $10,949,566.99 At the current SP of 3.7c this represents an MC of $13,477,111.62. Thats a greater MC than MCT & MCT owns 51% of the tenement & 91m securities or 25% of NME. Sooner or later the market always works it out.next to zero working capital and needs to raise funds or we start all over again with the MD's interest free finance. Probably well & truly doing this already I dare say, so the directors are not being paid still. Is this considered capital preservation? on paper it may seem so but in reality, it's more liabilities shrouding the company that can't pay its debts.
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and to add further to my post above while I'm on my soapbox (my husband always says never get me started!!!) the final straw to tip me over the edge with this company is take a look at the resolutions for both company's last agm's as a comparison.
Last edited by
madau :
12/12/22
