Blao
Where do you get 18cps cash backing from ?
Cash at 30-06-2011 was $90.3mil / 539913260 shares = 16.7cps
Probably closer to 15.5cps after Sept qtr expenditure.
They are spending $17mil on seismic over the next 6 months so the market is discounting the current cash for that.
free in life, page-8
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