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.
Sometimes you just have to pinch yourself! I thought I had woken...
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