NSE 0.00% 0.4¢ new standard energy limited

please sell your nse shares to me, page-3

  1. 7,980 Posts.
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    jc1981,

    I don't wish to rain on your parade, because I too think NSE has lots of potential, but your figures are not correct and you need to check them.

    NSE has 141.5 MILLION shares on issue ( confirmed from their website and recent presentations) so their mkt cap is @ 11.5 cents/ share approx $16.3M

    They own 10% of BRU ( not BUR ) which you correctly state is worth $4.4M.

    Their cash position is as you state ~$5.6, so yes, tangible assets ~$10M.
    So they are NOT selling below NTA backing.

    As I said, lots of potential with some great territory.

    I currently do not hold.

    DYOR

    Bendigo
 
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