Melewar... set for higher ground...

This stock is currently slightly below $1.60 while it's NAV is at about $2.53... it's most favourable asset is being the largest shareholder in Gindalbie, an Australian ore mining company...its holding in Gindalbie is worth at least about 80sen per share of Melewar. factoring this, the share is just about 50% is if current value taking this into account... it's exposure to O&G through M3nergy is also something we should not discount out eventhough it poses a slight lost a quarter earlier. Net asset value per share of M3nergy is about $3.30. In short, very undervalued for me... easily gives a 25% return in 6 months time.