On my maths...yes trading at pretty much bang on cash value, and continuing to pull in more cash everyday.
The main problem at this stage isn't the operations, it's the capital management strategy (or lack thereof). If SHE has plenty of cash in their bank accounts, but are not either - deploying it as capex into new production, or returning some to shareholders by way of buybacks/capital returns/dividends...then really what does it matter if they are cash backed?? You are not going to see any returns as a shareholder
That's the dilemma we all have right now, and why some very long-term holders have recently bailed out
SHE Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
