Ann: FY20 Results Presentation, page-3

not much intangible left to write down. Only upside from here (when border reopen)

if there is another cap raise require, say another 400mn shares for $14mn.

Then NTA will drop to around 6.5 cents

However, the settlement with Somboon mean NTA should also increase by 2 cents. Therefore NTA early next year, should hoover around 8.5 cents (after cap raise, if there is a cap raise at all. If DNA can manage to refinance, then NTA would be even better)

forget 20 cents, maybe 8-12 cents share price this time next year. if border reopen.