empanent BUY has alot of projects but no cash, where do you think they will get this cash...thats right by issuing more and more shares until you have billions on issue. So in essence you might have a very high market cap but a low share price i.e under 10c. Cooper basin drill had no effect on the sp, tells me there are alot of people bought this plainly for PEP11 hype and they want out.
All the valuations you guys here and on MMR have, will change with the issue of more shares. I dont see the point of a fancy excel spreadsheet if they havent even got a resource to base any sort of valuation on! some people are here accusing me of wasting my time/have no life (LOL) so why would one spend hours upon hours making a spreadsheet when the company itself has no resource haha...crazy stuff. That also tells me there are alot of uni students on here who read too many textbooks and know nothing about how the real world works. ;)
oh ohhh....*lepanic puts on his flamesuit*
BUY Price at posting:
9.7¢ Sentiment: Sell Disclosure: Not Held
