billyhyde, i calculate cash backing around 1.3-1.5c p/s
at 0.007 it is really cheap - at cash backing i'm not so sure
there are other stocks trading at a discount to cash backing
for example, MTN at 2c when i first bought it, it was cheap, when it went to 4c it became expensive .. note cash backing is 5.1c/p share
takover offer at 2.5c
just saying a company can trade under cash backing, doesn't necessarily go back there
still, QBL is a buy under 1c
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billyhyde, i calculate cash backing around 1.3-1.5c p/sat 0.007...
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