Correct me if I'm wrong, but with $70m cash in the bank and a...

  1. 49 Posts.
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    Correct me if I'm wrong, but with $70m cash in the bank and a $70m market cap is the enterprise value currently sitting at $0? Meaning surely it can't fall much further?

    I spend most of my time with resources stocks (for which the above would be correct in theory).

    Is there an adjustment in thinking that needs to be made because a lender's cash is their product?
 
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(20min delay)
Last
2.9¢
Change
-0.001(3.33%)
Mkt cap ! $40.45M
Open High Low Value Volume
3.0¢ 3.1¢ 2.9¢ $29.07K 969.9K

Buyers (Bids)

No. Vol. Price($)
3 323587 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 156250 1
View Market Depth
Last trade - 16.10pm 31/07/2025 (20 minute delay) ?
WZR (ASX) Chart
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