big bid, page-19

Everything is worth a price- and Neptune is definitely worth more than its 12c net tangible asset value- which is what it would realise in a wind up.

So even though we are all in the dark about how the company has performed in 2nd half FY 10 and its outlook for FY 11 is unclear, it is surely a bargain at 17.5 cents!

Remember, this company has minimal debt, had $37m of cash at 31 Dec 09, and I was told yesterday it is cashflow positive.

I can't see how it can't be oversold!!