talking of undervalued situations ,taken small punt on elp ,due to spud north sea prospect, with market cap of 11million ,4 million bank balance...limited downside ?
i know resource stocks little out of favour atm but this one is dual listed in asx....and it did spike around nov time on expectations of drilling...so i hope this happens again.
in any case they are due to drill soon so taken a little punt... fingers x.
maybe one to keep an eye on.