what am i missing?, page-9

cash at bank $AUD 31.5 m

Money owed (no way out of this)
Vietnam $AUD 23.5 m
Taj Aru: $AUD 1.0 m

Leaves cash at bank approx $7m

They have no assets you would ascribe any value to, but big question is , "have they really forfeited all remaining equity in Vietnam and Taj, by being late on their payments?". most here assume this just can't be true, but then what are the assets worth anyway after failed drilling campaign? . Not much probably.

So really can't see it doing much better then 2.0 cents, $10 mill mkt cap, until we know more.

GL