Post by
EnglishTickler on Sep 18, 2023 2:34pm
Market Cap vs. Total Assets
Total Assets Dec 31, 20 = $297,806,000
Total Assets Dec 31, 21 = $313,909,000
Total Assets Dec 31, 22 = $355,750,000
Current Market Cap ($4.16) = $266,448,000
Unreal!
Comment by
ceetong on Sep 18, 2023 3:23pm
These asset values are a joke as they can melt away in no time. What's the value of a mine that can not make a profit? What's the value of a battery manufacturer that cannot sell any batteries? These asset values are on paper only.
Comment by
Growlr on Sep 18, 2023 7:52pm
Money itself is only paper, so perception is everything. There is value here, this management team has just been so bad the company trades at a significant discount. This could be a great takeover for a Chinese operator?