green start .. red finish

yes - despite a promising start to the day, the stock was in the red, by the end of the day.

ok - at dec 31, mxr had about $2m in cash, and shares in ero worth about $2m - ie about $4m worth of cash and shares. the company has a little under 300m shares on issue - or about 1.4c per share in liquid assets (not that ero would be considered to be a liquid asset). so at dec 31,, the prospects are worth about $3m. is it good value or not -.... mmmm .... well could be worth a punt.

however, despite the facts, watso still thinks the stock is a sell - as the remaining funds will most likely, be chewed up by selheim, and other pie in the sky stuff