Number of shares on issue 267.9 million. Assuming share price 13...

Number of shares on issue 267.9 million. Assuming share price 13 cents = market capitalisation of $34.8 million

Cash at hand equates to 5 cps (roughly) plus whatever value you place on the rest of the business plus whatever may come from Sargon receivables including Madison. My rough calculations even using worse case scenarios puts asset backing well over 13 cps.

Go to the last report for more accurate numbers.

It's worth noting NWL update today with the jump in sp. Not exactly the same business but operating in the same environment.