The reason the market has the market cap below cash backing is because they see the remaining cash being wasted on overheads, Brian and team have failed miserably on this project.
The Board might want to do something for their directors fees and come up with a plan B, which is going to become Plan A pretty soon.
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The reason the market has the market cap below cash backing is...
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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