Agree this stock is well undervalued. I have been monitoring for a while but have not purchased yet. Obviously missed out on options in the capital raising but at this price it seems like a good time to enter.
As for the cash backing, I think they had close to $15 million in cash after the capital raising, so assuming they get $23 million from the Cape sale, that leaves $38 million. Divide that by the shares on issue (933 million) we have 4.1 cents (rounded). Or am I missing something here?
Agree this stock is well undervalued. I have been monitoring for...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.927M | |||
| Open | High | Low | Value | Volume |
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| VMG (ASX) Chart |
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