Beaten down and cashed up, page-18

Just to clarify a few things, last quarterly showed a cash balance of 28.37 million, and market cap is around $53 million.

I see that a lot of sources show different market caps, like comsec showing 28 million cap, but if you look even on this page at the top right, hotcopper showing market cap of 53.3 million. Just doing your own calculations, with 2.132 billion shares on issue multiplied by 2.5 cents a share, shows market cap is 53.3 million.

Still a nice cash balance but cash and market cap are not the same at all. market cap is about double cash balance.