the market value of ged's investments are
lum 3m shares at 27.5c = $825,000
bro 6m shares at 5.8c = 348,000
krz 30m shares at 0.8c = 240,000
with 26m shares on isssue, then this gives a backing of 5.4c per share. throw in cash of $850,000, (2.2c per share) then the company is trading at a decent discount.
mind you, the market does not seem to be interested in companies that hold cash or investments - so buyer beware
happy punting
spec play, page-11
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