where are my figures wrong?
comsec says the market cap is $23 million (excuse me if this is wrong) - this is what the market curerntly thinks the net value of the company is
the net value of a company is simply assets less liabilities - nothing else
in MAE's case we know what the liabilities are (bank debt), the assets are subjective and would comprise the items i listed in my post
why are you even bringing up real estate prices?
"Anyway,how do YOU place a value on "future prospects discounted for risk".That sounds like you are trying to value reserves BEFORE tests come in otherwise what exactly are you saying????????????"
i don't need to try and value the reserves before test results come in, the market does it for me.
i'm not baiting, i honestly want to know how MAE's bankers have a lot to lose in this situation, because for the reasons i listed in my post, i believe the opposite. again, the paragraph you copy/pasted did not address my question, all you said was that no one else would give them financing on better terms which is a bit of a captain obvious statement
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where are my figures wrong?comsec says the market cap is $23...
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