It was a shell. They acquired a brine project. So far it hasn't worked. Technically still not a shell. But valued as a shell.
This is the story of all junior resource companies. Companies like PLS and GXY could've ranked as shells if their exploration failed. They would've looked for new projects and the cycle repeats until they find something.
"Get paid"?- Check the cash flow anns and compare the payments they get to other ASX listed companies.
The only thing I'd like to see is some aggressive approach. Time is money.
You shouldn't be holding if you think that it's a bad place to be. GL.
Broker data says most of the selling has come from commsec(retails).
It was a shell. They acquired a brine project. So far it hasn't...
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