Ann: Interim Financial Report for the half-year e, page-2

re: Ann: Interim Financial Report for the hal... I dont usually extend my questions to to FA, however given the recent sell down on gold and the companys announement I thought i'd pose a few questions.

As expected on most threads, the reason people post is because they generally hold. So you would expect most people to be bullish in regards to what they own.

There is very little discussion here in regards to risk or the possible downside of ABU - generally due to the "we hold so it cant go down" mind set

With the recent announcement - today.

Cash at bank is - $14m
Other assets value - $19m

For a net asset total of $33 million

Due to their net asset position and also the cash burn of $4.5m per month, what is the risk that the companys Market cap may fall further?

All the posts and 'valuations' on this company have offered substantial upside talk, but very little about the risk. It wasnt long ago people on here were disputing that this could be in the 3's.

With assets of $33million and a market cap of $118million
"COULD" this be considered as over valued?? (using FA speak)

Do companys market caps ever fall to 'asset' value??


I am sure a range of you Fundamental analysts could/would offer a variety of views??

Cheers

Cheers