Oh, ahoy there! @3c where I was buying it was negative $8m...

Oh, ahoy there!

@3c where I was buying it was negative $8m

Remember it's USD holdings. $10.8m = $14.2m AUD

Its up 17% and off bottom, but pretty illiquid, but still negative $7m EV... and has a few oil assets/tenements

I think couple things. No one much knows about it and 2 it's tightly held by top 2 directors and 3rd, many think they'll just burn it all on admin...which given discount would take around 3 years to get back to cash even. Zero EV

Happy to sit, as little down side now and much upside on any news.