Club Mulgoa

Wednesday, February 12, 2014

NGE

With 850 million shares at around 2c each yesterday, it is only worth around AUD$17 million.  It has under AUD$20 million in debt.  But today, it announced that it is selling 50% of one tenement to STO for AUD$40 million.  How does the market value this stock at 2.4c?

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