Even a listed shell company has a value of $2-3mln.
The company has $2mln cash….and tenements with potential upside.
At worst it’s worth its current mkt cap at 1c - 1.2c.
People selling at 0.8c and under were throwing money away due to impatience. Always the same.
One decent drill hole in any of it’s Bangemall tenements could see it worth 10c….that’s good enough upside to hold imo.
Recent Tenement Acquisition, page-11
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $143.6K | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 14065000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 38250 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| M2R (ASX) Chart |