Is anyone else following this? Seems like an very interesting Agri value play.
I'm reading more and more about Cotton being the next big thing to come back into play.
Profitable company with an NTA of over $1 per share, trading at 36c and extremely tightly held - as per the accumulation recently people pushing up the price trying to get a piece of the action.
Advisor appointed.. if/when they convert some of their debt to equity or whatever they end up doing. Would lower their gearing, increase the free float and likely see a share uplift.
Almost seems a no brainier at under 50c a share if you can wait it out for the restructuring, would love to hear any other views
NAM Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held