My numbers on this one:
Will be interesting in April when their agreement to pay KMM or transfer the assets come due. It will confirm the direction of the company if nothing else.
- Shares on issue: 62,000,000 (options: 0)
- Market Cap @ 4.4c = $2.7 million
- Debts: $466 000 or agreement to transfer key assets in lieu
- Cash in bank: $1.2 million
I picked up a few of these at 5.1c because I like a shell with low shares on issue to reduce the risk of consolidation. Its also been pretty stable at these prices and not a huge EV premium and given the recent board changes and placement I see 4c as a good support.
Like all these companies, who knows though. 2015 was certainly a year of RTO's - will have to hope 2016 keeps on with the same theme.
Becoming a Matthew Walker Shell, page-41
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $14.17K | 2.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
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