$1.35 was backed by cash or cash equivalent as at 30 September...

$1.35 was backed by cash or cash equivalent as at 30 September 2022. but we have had almost another quarter since then so who knows what the new cash figure will be in January 2023. This was A$412m over 305.7m (SOI). market is thinking it will be less obviously next q! could check the trend and estimate it but if we assume for now $1.35 and the whole rest of the business for 30cents a share.

I made back some money previously trading in the $1.80 to $2 range a couple of times.. but gave some back recently buying $2 and selling $1.84 . when the last attempt for push past $2 failed to materialise I exited completely for a loss as my average was still around $2.30ish to break even.

before that the only other time i bought this stock was for $10 and sold it for $9.85

SGR got hit 17% today so there could be some forced sellers out there or perhaps some selling PBH to buy SGR who knows. I hold neither

shorts still at 6% but interesting to watch updated data on shorts as it flows through