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0.00% 0.5¢ eneabba gas limited

Hi X (and other ENB followers), I agree this is an interesting...

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  1. Thomo
    132 Posts.
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    14/06/17
    20:43
    Post #: 25278513
    Hi X (and other ENB followers),
    I agree this is an interesting shell given some of the names in the top 20 but I can't agree that it is cheap. With a market cap of $4.5M at 0.9c, cash of $1m and a block of land for sale worth maybe $300,000 it has an EV (or in this case shell value) of $3.2m which I think is a fair bit compared to other shells. Am I missing something?
    ENB Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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