Hi all,
Can someone please enlighten me here on what I am missing here.
The most recent INL announcement (Appendix 4D released 25th February) mentions on the last page that the NTA is at 1.95 cents which is ALMOST THREE times the current share price of 0.007.
Wouldnt that mean that the company assets on its own is worth 1.95cents so if the company were to go in to liquidation that the shareholders would atleast get in return for their shares what ever the NTA is?
I may be totally wrong here which is why I am asking for anyones opinion/thoughts.
net tangible asset-three times the share price
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