Am I reading this right, market cap of $21 million with net assets of the Group at 30 June 2015 total $25,086,678 (another $750k of options on issue as well) ?
2014 Net tangible asset backing per ordinary security 0.8c (when the trust listed in October SP was ~23c )
2015 Net tangible asset backing per ordinary security 16.1c (SP is now 13.5c)
Its one thing to drop in price, clearly there was a premium being paid before, but now the SP is lower than the NTA I wonder how much further this will fall.
Ann: Preliminary Final Report - Appendix 4E, page-2
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