Ann: Quarterly 4C Cash Flow Report, page-2

15mill cash
6mill mcap

20mill net assets, 0 debt


Bell Potter have been accumulating on market here slowly
Directors have many shares and have bought on market at higher prices

been smashed from $1 not too long ago on low volume

significant news catalysts include
- sale of plots 8 and 9 for 10mill
- Cannington project: “Company is still considering the prospects of individual sale of the apartments and the related procedures that are required to be put in place prior to such sale. The Company is currently negotiating a renewal or extension of the master lease and will provide updates on any progress in due course.”
- the Company is also considering the viability of using the Bentley Project for the purposes of constructing residential properties

fundamentals always win!

thinly traded, can move quickly !