So the share price has been pretty much a downward slide since I've bought in: wondering if anyone has been holding all the way through from 4c to now?
Calculating the 2.3c share price x 631,404,067 shares on issue per the last page of annual report = $14,522,293 market cap.
$13,192,429 cash per june 16.
$1,329,864 remaining non-cash backeda mount.
Surely I'm missing something? $1.3m for the whole company AND if debts haven't been incurred and there are still revenues/cash inflows to the tune of the year gone past coming in, the cash balance should increase another few million by this half year?
Too good to be true, or the market discounting heavily the future business inflows given they've been on the nose dive over the last year or two as work quiets down?
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