TPT
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0.00% 0.9¢ tangiers petroleum limited

cash backing or asset backing? If a company was below cash...

  1. spyglass
    1,345 Posts.
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    07/08/14
    16:26
    Post #: 13785301
    cash backing or asset backing?

    If a company was below cash backing and had assets then why wouldn't they have been taken over and stripped? I would say that it is rare for a company with valuable trading assets (not sure how Tarfaya would now be classified) to trade below cash backing.
    TPT Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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