Would be better off keeping the money under your pillow. A company with $100mill in the bank, no assets or direction and directors fees going out would not have the market valuing you at $100mill, I can assure you of that.
Think today's action sums it up nicely. Transferring the value of their asset into cash has had no positive influence on the current share price, it's exactly where it was a month and a half ago. Cash backing for a speculative means very little.
cash-backing equal to market cap, page-7
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 (20min delay)
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $16.44M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $151.9K | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2124692 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5314760 | 9 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| AEV (ASX) Chart |