Post by
Yepnewpapy on Jun 25, 2021 12:04pm
It's a good time to average down
@ 0.04¢ the stock tade at a discount to free cash in DSM
Comment by
HuberPeter on Jun 25, 2021 12:46pm
LOL; still it's a empty Shell with 3m cad Cash. Should buy a exploration asset to give some fantasy
Comment by
Yepnewpapy on Jun 25, 2021 3:09pm
Working cap is much closer to 7 million $ Worse come to worse DSM is a good shell There is plenty of good deals to be considered in safer jurisdiction Pierre should not waste time with a legal action I hope Namibia has not refused the renewal just to give the license to another company
Comment by
ngtraderng on Jun 25, 2021 5:33pm
The company is worth a lot less than their working capital. Management should return cash to shareholders and shut it down but they won't. Do you really want to hold a shell with management continuing to pay themselves while nothing gets done year after year? Losing that license so suddenly was a colossal fail.