It's worth whatever the seller with deep pockets wants it to be worth. As there is nobody to stand in his way as he drives it down vindictively.
Cash backing is around 8c for now but who knows where it will end up. Absolutely rotten top20 and a pump and dump always ends up this way. Seems too late to arrest the fall as pretty much everyone has woken up to the lack of any real interest in the stock and that it was all just a flash in the pan.
Best chances for shareholders right now given no interest on market and no cornerstone investor willing to make the market is if DRE or HAS makes a play for it in the teens.
Not to say the tenements are worthless, just going to be hard for shareholders to extract any value from them themselves given the status quo. Could be the worst-performing stock on the ASX this week at this rate. It is in the company of listings about to go into admin.. that is how bad it is: A total vacuum.
