that $800K is about 25% of the net loss for 2017. The cash on hand even including it, is almost 1/2 the capital expenditure of 2017 and also 1/2 the amount written off that year.
that $800K is actually LESS than the Director's wages for the year.
It's authorised theft for directors of these one cent companies to continue to be paid salaries almost equal to that of our prime minister.
Despite all of that and the need for a further share issue within the next 12 months in order to fund further exploration costs, a MC of only $8.9M seems to be insanely undervalued.
Wubing said it's surely a bottoming. I'd agree.
Ann: Investigator Receives A$0.86million R&D Tax Refund, page-5
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