Got to agree with both R and Cal coz both are right. R's been here for a while and like me and most others, seen it lose over half its value
But Cal and i can see that its NTA is almost double the present share price and even the poor current ratio, liquidity and equity value, the company has some good resalable assets that are IMO worth a damn site more than the 8.2 mill MC.
6 months ago it was 3 1/2 and 8 years ago it was 13 cents!!
So what did it have then that it doesn't have now, apart from a lot of pissed off shareholders?
There aren't many penny dreadfuls at 1.8 cents with a list of tenements like this one and with a MC of 8.2 mill!!!
I don't think there is much chance of it going belly up so surely, the upside is much more than the downside and the 3.5 cents of 6 months ago should be a short term target for a gambler.
I think it's worth throwing a bit more at it to see what happens.
WWI Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
