M3M
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0.00% 5.5¢ m3 mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

  1. Preston3
    2,036 Posts.
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    21/11/23
    11:39
    Post #: 71015962
    in previous bear markets these type of zombie companies became valued at cash less the quarter ahead of expenditure (or sometimes even lower). So less than cash ( maybe a lot lower if the directors are sucking out the remaining cash balance ). So I wouldn’t use cash as a floor. Everyday that goes by the bank account is lower and markets are forward looking
    Last edited by Preston3: 21/11/23
    M3M Price at posting: 6.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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