CCU 0.00% 5.8¢ cobar consolidated resources limited

net assets are greater than market cap

  1. 83 Posts.
    based on a quick calculation they have a market capitalisation of around $5 million and there net current assets are $5.7 million. also good news is that they have a cash burn of only $580,000 a year and $1.7 million in the bank. can anyone explain to me if there is any downside risk. i mean financially they are sound.
 
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Currently unlisted public company.

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