CXY 0.00% 0.3¢ cougar energy limited

A 30 cent sp gives CXY a market cap of almost $203 million fully...

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    A 30 cent sp gives CXY a market cap of almost $203 million fully diluted. Why would a company with barely enough cash to complete drilling and no where near the money required to develop a ucg plant and power station have a market cap of $203 million?
 
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Currently unlisted public company.

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