XAO 0.07% 8,705.0 all ordinaries

Short Term Trading Week Starting: 12 November 2018, page-38

  1. 23,832 Posts.
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    SI6

    $1.8M cap, $1.4M cash

    Recently scrapped the Mirrorplex Pty acquisition, been capitulated big time as a result of holders selling out

    <$400K EV for a shell with vanadium exposure is a gift

    If they confirm they are now going after a gold or vanadium related asset instead, this will get serious uplift

    There are plenty of worse shells with less cash, higher cash burns kicking around at $5-10M valuations

    <$2M valuation is bagger waiting to happen
 
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