Aussierat, at 31 Mar they reported cash of $79m, which is a little shy of your 96m. They also reported $17.8m utilisation of a $19m credit standby arrangement, although it's not clear to me exactly what that means, or why it's there.
SP of 1.1c gives MC of $101m, so the market is still giving them credit for some "potential value" over and above cash reserves. Whether or not that turns out to be blind optimism remains to be seen.
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Aussierat, at 31 Mar they reported cash of $79m, which is a...
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