Once again Carnegie have been sold down to levels which seem...

Once again Carnegie have been sold down to levels which seem very cheap in my opinion.
With current cash of $2.9 million and PDX shares currently worth approx $3.2 million there liquid asset value is once again worth more then there market cap ($5.3 million).
Add to this the mine in Gambia, PDX royalties and the huge potential of the Wave power trial (Pacific Hydro backed) and I cannot understand why people would sell out at below effective cash backing.
The latest quarterly report although being same old same old still read okay and things seem to be progressing well be it slowly.
With abundent cash I like others have mentioned before wish that the company would conduct a small share buy back to better utilise the excess cash rather then having it sitting in a bank or looking to add another small mine on the other side of the world.
Any other thoughts ???


Doh