MOG 0.00% 0.5¢ moby oil & gas ltd

Well, mkt cap is Cash as of end of Dec = $1.935mnShares on...

  1. 9,188 Posts.
    Well, mkt cap is


    Cash as of end of Dec = $1.935mn

    Shares on issue: $80mn

    Share Price: 0.07


    So, at 7cents, mkt cap:

    = 80mn @ 0.07

    = $5.60mn


    WITH $1.935MN CASH AT BANK


    SO, ALL OF THEIR REMAINING EXPLORATION ASSETS - FOR WHICH THEY ARE FREE CARRIED BY US OIL GIANT APACHE - ARE VALUED AT $5.60MN-$2MN = $3.60MN


    Oversold!...




 
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