So the company now has over A$425,000 in cash (instead of debts of around A$420,000 previously) and its PANR holding is worth @ A$18.2M.
With 158.37M shares currently in issue, this works out at a current value of 11.3 cents per share.
LOTM
Substantially Undervalued, O&G Situation in play, page-148
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