Too much for me. My go at the current NTA consistent with the...

Too much for me. My go at the current NTA consistent with the audited number would be 1.884 cps less 0.464 cps, or 1.42 cps. At least near the current share price!!

I calculated the minus 0.464 as the difference between the end 2016 NTA calculated by the company (1.84 X 19m shares or $35 million) and the amount shown as net assets in the audited accounts of $20.5 million at the time. Thus the difference is $14.5 million.

At present the share number has risen to 31.2 million after option conversion and the DRP. We divide $14.5 million by 31.2m shares and deduct this (0.464cps) from the company estimate of the market value of the NTA to get what would be the valuation using the auditors assumptions. The truth could be in between, but we cannot know for sure until the IPO.

I could be way out!! Any comments?