trading at below half of cash and proceeds

Sometimes you just have to pinch yourself! I thought I had woken up in a Mastercard ad...

Cash in bank - $15.4m
Cash Proceeds to come - $10m (over 3 years)
ATW shares - $1.2m

No net debt (tax on Gullewa sale less than book expenses)

mcap at 9.4 cents - $12.5m (133m shares)

NPV 19.3 cps. less than 49% of cash/cash proceeds.

Over $500,000 Director purchases on market in the last 4 months, between 9 and 10 cents

IMHO, Value - priceless : )

disclosure: 1,300,000 shares.

And why is the price here? Opes Prime, plus uncertainty as to how the big pot of cash is to be spent.