net tangible asset-three times the share price, page-6

While we are on the subject of tangible assets.....Please don't laugh.
# $4m at end of the March Qtr.....Some say it will evaporate ,but Intec is much frugal now.....It is also generating little income.
# $200K BSM scrip.....Could it appreciate? ( Royalty is in the realm of dreams....Certainly far from tangible)
# They had the Burnie shed valued at $1.6m....Forget it.
# the loss of PW , Dave Sammut & many others is a tangible asset in my view.
# KR could prove to be a tangible asset.....At least he is the one that put an end to the old Intec farce..... we wait & see.
# A listed shell with no assets at all has value.
# Accumulated losses of $67m (ouch) ,is a much sought after asset if Intec ever becomes profitable.
All in all....$2m is a very cheap price for our shell.