Cash backed under the radar

I don't know why, but this stock seems to be flying under the radar. At current prices the stock is cash backed and effectively a clean shell with no value attributed to assets.

Only a few months ago $5.2m was raised at 17c before the Canadian decision on a nearby coal project smashed the price down to these levels.

Doesn't take much for a stock like this to gap up on any sign of a deal or a new project while the delays in existing project get delt with.

Should easily be able to get back to 6c IMO..