brr of hk presentation , page-5

Agree again. Hard for directors not to act in self interest.

By the way...my maths was incorrect in earlier post.

$1.28/share for Tampakan+ 12.5c/share existing cash=
$1.40.5 cash backing per share if Tampakan interests are sold at $1.28/share.

$50m cash on hand and approx. 400m shares on issue=
50m/400m=12.5c/share

From September quarter activities report

CASH BALANCE
Indophil’s cash balance at the end of the September quarter was
$49.385m

ASX listed code IRN
Total listed shares 393,127,937
Unlisted options 5,350,000