easy 50 profit here, page-3

their cash position was pretty bad at end June, but the recent report re NIM shows that investment is worth A$20M to them ($0.20 per NAL share). They also got $1.3M from NIM for repay loans. They have $500k+ available per annum from the equity facility thye have in place.

They still must be at a reasonably high risk of running out of cash (depends on how drastic they have cut spending). Just the same, as a high risk punt I just bought some. The A$20M value in NIM should underpin them although its probably not quickly liquid. Any one else got any views?