Dead or Alive

According to Alto Capital analyst Carey Smith there are current 31 resource companies trading on the boards of the Australian Securites Exchange that are worth more dead than alive.

That is their net cash value (cash – debt) is larger than the company market capitalisation,

The range of how much net cash exceeds the market cap ranges from $100k right up to $21.2 million.

Smith has put this down to teh difficulty currently being encountered by small resource companies to get their story across to investors and to differentiate themselves from the crowd.

Below is a list of the 120 least valuable resource companies (according to the market), all with an enterprise value of less than $2 million.
 

 

Cash, Debt and share data is of 30 Sep (so it is possible may have changed)
Share price is COB 1 Nov 2012