Yes, everyone told me the same thing about EXS over and over, but the cash-backing put a nice floor under the price while the market collapsed and then the takeover offer eventually came for twice that amount.
OK so everyone is telling you this but you think everyone else is wrong and you are right? And you are using one example to justify your belief that cash-backing is a guaranteed support point for a speculative miner? Well you should be looking around and investing elsewhere as there would be many speculative stocks trading well under cash-backing right now.
cash-backing equal to market cap, page-21
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.44M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $16.68K | 1.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3650738 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 500000 | 3 |
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| Last trade - 15.44pm 12/09/2024 (20 minute delay) ? |
| AEV (ASX) Chart |