URL 0.00% 13.5¢ universal resources limited

doudou if the merger does go ahead then its not a particularly...

  1. 6,757 Posts.
    doudou if the merger does go ahead then its not a particularly compelling buy. Market cap will be around $60 million, with maybe $15 million in the bank after paying down debt. Enough to do a bit more drilling but no closer to mining.

    Its reasonable I guess, but no great bargain. At that price I would prefer EXS. Have sold some as don't think I can be bothered any more. Kept a few just on the off chance someone else rides to the rescue.


 
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