why we only 1c above cash in bank?, page-5

Shares on issue- say 1.6 billion not 2B...

When did they convert to Aussie dollar, when it was 90c? Surely cash in bank far more than 3.5c.

Gene will make 5 mil pa = 50mil on PE = 10... plus the other wells.

On cash and producing assets alone I calculate at 6.5c- so we are giving negative enterprise value on all the remaining assets.

Would prefer they consolidate the share registry as a Small to Mid cap producer. Yet only MC matters...

What a joke.