Post by
1student on Mar 28, 2024 4:01pm
NGC.V At It's 52 Week Low of $0.16
How low can it go?
I called $0.09 a while ago (that's 50% discount to the book value per share of $0.18) and that is pretty much where the share price is headed.
At $0.09 the company management can continue to more aggressively shift, shuffle and deal away the controlling equity of what remains with this now closer to non-viable corporate entity.
After all, that is precisely what the preliminary base shelf prospectus filed yesterday is projecting the facilitating of.