RE: Portfolio spreadsheet updated...I think your cash/other estimate is just a little off.
AAB reported $19.05M of cash and equivalents at April 30th.
Since then they've increased several investments: they bought ~$300k worth of U3O8, ~$1.6M worth of Longford, ~$375k worth of Franc-Or
They also bought back the 6,334,734 shares at $.25 --> $1.583M (excluding commissions)
Looks like you need to update the Longford position.
I think you're right in that the NAV is till ~$1.00 though (even with CSM's disgusting collapse).
I'd be buying more AAB hand over fist if I had anymore cash (same with EDV and now URE), but I extinguished it long, LONG ago...
This market is beyond putrid, and each day getting worse.
The Venture has performed as poorly over the past 12 months or so as the DOW did in 1929.
Astonishing.