MMX
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0.00% 4.7¢ murchison metals ltd

If you read the statement of accounts released last friday, you...

  1. raving1
    2,146 Posts.
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    20/08/12
    16:32
    Post #: 10594846
    If you read the statement of accounts released last friday, you see that once the capital has been returned to existng shareholders,they will still retain $27.4 million in cash assets which divided by issued shares of just over 450 million is a little over 6 cents per share in cash backing.
    So if present trading is 3.6 cents, this could be a bargain in my opinion at these levels.

    Raving1
    MMX Price at posting: 3.6¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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