I'm gobsmacked that the shares are down so much. We knew the results would be horrific, and with new CEO you would hope that the decks are clear.
Losses will likely continue in the current year, but with the sale of SH there should be at least $20m of net cash at June 2017.
So the enterprise value is $10m.
Ann: Company Update-SRF.AX, page-132
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