Sometimes you just have to pinch yourself! I thought I had woken up in a Mastercard ad...
Cash in bank - $15.4m
Cash Proceeds to come - $10m (over 3 years)
ATW shares - $1.2m
No net debt (tax on Gullewa sale less than book expenses)
mcap at 9.4 cents - $12.5m (133m shares)
NPV 19.3 cps. less than 49% of cash/cash proceeds.
Over $500,000 Director purchases on market in the last 4 months, between 9 and 10 cents
IMHO, Value - priceless : )
disclosure: 1,300,000 shares.
And why is the price here? Opes Prime, plus uncertainty as to how the big pot of cash is to be spent.
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- trading at below half of cash and proceeds
trading at below half of cash and proceeds
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