and the Stock trades even less than cash. of $7.3 Million never mind its NAV
...Crazy.
NET Asset Value Calculation
PDP NAV$2.8
Proven NAV$4.9
Probable NAV$13.1
Proved + Probable NAV$17.9
Undeveloped Land ($200/acre)1
$3.1 Tax Pools ($0.10/$1.00)$3.2
Working Capital Surplus2$7.3
Net Asset Value$31.6
Net Asset Value Per Share$0.09
Excludes 18,002 acres of Loon Permit lands
https://www.macquarie.com/dafiles/Internet/mgl/com/macquarietristone/current-mandates/Border-Petroleum-Group/border_om.pdf
Huge accumulation in recent weeks. looks to me like a Big Move could be due...all the rest of the VSX is surfacing on the radar...BOR has more assets than many of them. That being said BOR is due for something . Lots of Accumulation 