Just trying to figure out the severe discount the market is putting on INL & see if it is warranted. INL reached a lowly MC of around 2m before Nippon news,which was probably reasonable for the following reasons. (1)No cash. (2)No visibility of any near or long term earnings. (3)Huge share overhang in LJC,who aquired it at next to nothing with the remaining convertable notes yet to come. (4)The great pain & suffering INL inflicted on its shreholders. NOW, the picture is a lot different,yet the market hasn't changed its valuation ( it merely added the current cash holding of 4m)which seems unreasonable for the following reasons. (1)4m in cash will last for a year at least. (2)"better" visiblity of near term cash ( a) BSM is moving quickly to production. b)some advancement in SPL project. c)INL might be generating income from the Zeehan stock pile & at the same time dealing productively with the EAF dust which might claw back the env. bond) (3)LJC is history. As a matter of fact INL has no substantial shareholders which is rather odd. I believe INL does't deserve the scorn shown by the market just because of its dismal history. If INL was a newly listed Coy ,that has 4m in cash + near term revenue from BSM + the env bond + a company making technology, it would have received a little more respect.
SDV Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)