the next leg up could push the sp past 22c , page-8

The NTA will NOT get anywhere near 50-60c by June. That is just fanciful. The reality is that CER are likely to issue more script and raise cash before Jun-10, that will dilute existing shareholders.

That is why it is trading under 19c again, and it is only likely to start trading around its NTA once this dilution washes through the balance sheet.

Holding out for a 50c NTA in 5 months time is fairy tale stuff.