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Just for clarification is a shell a stock with a market cap less...

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TheMandalorian

110 Posts.

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30/08/18

14:56

Post #: 35298326
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Originally posted by big mahn ↑

MC slightly high for a shell like co at $11m, $2m cash is ok. Deal may be a while away, also not many indications on what they're looking at.... haven't looked at directors or holders... there's so many good cheap shells at the moment that should be imminent e.g BLZ, RMX, PM1, VKA

Evaluation of new mineral resource opportunities The Company has allocated part of its working capital budget to the identification and evaluation of new mineral resource opportunities in Australia and overseas. The Company will also consider the acquisition and development of any other investments, both within the mining industry and in market segments unrelated to the mining industry. No decision to invest in any of the projects currently being reviewed has been made at this stage.

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Just for clarification is a shell a stock with a market cap less than 10M?

cheers

XEC Value at posting: 1,441.6
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