I think it's trading about the right price. The other assets have no value in the current market, they are bleeding down available cash paying admin and directors' fees (with no hope of raising more), and MXO currently has a market cap of GBP10M, so JKA's shares in MXO are worth approx. A$2M.
The only real value driver is if MXO's shares go up significantly. They don't seem to have any near-term action other than Aje so that seems a long shot.
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I think it's trading about the right price. The other assets...
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