Sounds more like $14.59m cash as of three months ago ...
"As at 31 December 2016, the consolidated entity had net assets of $22.79 million (30 June 2016: $24.15 million) including $14.59 million of cash and cash equivalents (30 June 2016: $12.64 million)."
from 31st December 2016 Half Year Financials
...and Commsec...
MCR Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held