Value?No matter what people may say there is value here. XT sitting on cash and cash equivalence of .35 a share. No debt and nothing in terms of significant expenditures. I have been waiting patiently for MGT to move forward with something that may excite the market. There are a lot of cash strapped Jr's that have properties and/or exciting developments and it sure would be nice for XT to get in the game. The REE properties look like duds, Gas shale may or may not have potential but further development is subject to BWN desire and ability to fund exploration.
I mean really... .03 a share value for the company?
Of interest, I noted national bank picking at the shares again. This thing is tightly held and surely will go to .75 - $ 1.00 with any meaningful advancement. (my opinion of course).
We are due for the final interpretation of the magnetic survey. Perhaps this and a plan to advance exploration will bring this back to proper valuation (.50 a share is still only a market cap of $5.85 million)
Financial Statements and MD&A out BTW.
Liquidity and Capital Resources
As at June 30, 2010, the Company had a working capital of $4,251,165 (December 31, 2009 - $5,817,717), which included cash and cash equivalents of $2,269,972 (December 31, 2009 - $2,609,361). The Company’s liquidity ($2,269,972) with investments and marketable securities ($1,830,570) represents
.35 per share.