Ronstieb,
why donot you add the following to the $87 million cash?(*Cash at 30 September 2010 excludes cash deposited A$4,588,000)
1, Receivables for oil sales (gross) A$1.6m
2, Tui oil inventory (WMP share) 31,065.0barrels= $2.4 million
3, Income tax refund A$5.4m.
=$9.0 million (are these not cash now?)
87+9 =$96 million /588= 16.3c per share!
plus, you should know we have positive cash flow every day, day by day, so actually atm the cash backing is slightly increased.
16.5c cash/share +1000bblpd+1c/share interest , page-4
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