M3M 2.17% 4.5¢ m3 mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

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    in previous bear markets these type of zombie companies became valued at cash less the quarter ahead of expenditure (or sometimes even lower). So less than cash ( maybe a lot lower if the directors are sucking out the remaining cash balance ). So I wouldn’t use cash as a floor. Everyday that goes by the bank account is lower and markets are forward looking
    Last edited by Preston3: 21/11/23
 
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