Apologies my original calculation was overstated by $1m.
Now that the Q3.17 quarterly is out its a much more simply calculation:
$7.3m cash vs $5.6m market cap
At 1.8c we are now trading with a $1.6m negative EV, not sure why anyone would be selling now. Even with the track record of management we have $1.6m of runway (4 quarters of expenses) for these guys to acquire something.
$5.5m cash + $3.8m due vs $7.5m market cap, page-5
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $9.563M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $29.91K | 3.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1258018 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 890786 | 3 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| VKA (ASX) Chart |
