Agreed. Just at/under cash backing presently but due for a final payment in December which renders the present price a discounted bargain (compared to ~6.5-6.7c). And that's before we factor in an acquisition! And O+G is beginning to get sexy again...
Directors report that principle activity this quarter is looking for acquisitions. Lets hope they find a juicy one. And quickly!
cash value shell with $1.8m nett due in Dec, page-3
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