Equity investments are usually excluded from cash equivalents.
A few months ago we had about 9M shares left and this cash flow reports that proceeds from disposal of investments as $3.48m , implying we sold under 2m shares during the quarter. Therefore I believe we would have about 7m shares left.
I calculated that cash and liquid assets at the end of the quarter would have been about $81M (GMD trading at $2.06 on September 30th)
GMD now trading at $2.55, implying our current cash and liquid assets would be about $84M
GLTA
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