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23,832 Posts.
725
13/11/18
13:02
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SI6
$1.8M cap, $1.4M cash
Recently scrapped the Mirrorplex Pty acquisition, been capitulated big time as a result of holders selling out
<$400K EV for a shell with vanadium exposure is a gift
If they confirm they are now going after a gold or vanadium related asset instead, this will get serious uplift
There are plenty of worse shells with less cash, higher cash burns kicking around at $5-10M valuations
<$2M valuation is bagger waiting to happen
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