Hmm, how frustrating! I was going off the Commsec-listed market...

Hmm, how frustrating! I was going off the Commsec-listed market cap - I've usually found it reliable, but I guess it's not! They are only counting the shares that are presently tradable, and hence the $10M valuation.

I wonder if they mix that up much? Current market cap stands at about $15M, then.

I'm still happy to sit patiently in the queue. The validity of my 'buy the negative premium' argument has been kicked out the door, but they still look good for a $5M asset valuation!

Damn, and here I was thinking they were giving money away!