At 3c we have a market cap of $11.55m according to HC so where does that leave the SP ? After our main project no longer exists we have $3 million in cash and a couple of small projects.
I feel management are going to have a lot of explaining to do after saying how good their relations were with the land holders I bought into the SPP because of the bauxite project.
One of the previous directors of IRM/PBX ended up in jail for giving false and misleading statements to the ASX not sure if a lot has changed.
PBX Price at posting:
3.0¢ Sentiment: Sell Disclosure: Held
