Shares on issue: 153.7m
Share price: 28c
Market Cap: $43 million
Strong financial position with $41.2m of cash and financial assets as of April 30,2016.
So:
- Decided to dip in after realizing the $$$$ EV and sound cash position.
- Has fallen by 95% from last year's high . . .100% gain from 28c is still 90% down from 52-week high.
- Currently sitting around the cash backing although there were ludicrous placement to "smart buyers" around $5. . .
- Certainly an absolute high reward from current price but risk has been its middle name. So yeah, DYOR
Will be happy to buy bigger parcel if it goes to mid 20c.
Again, DYOR and GLTAH
