My calculations say cash backing with $5.2m in bank (assuming final payment is received on Dec 31 this year) is around 6.7c/share.
Current cash backing with $3.5m is around 4.5c/share.
No idea what lies ahead but willing to find out
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- cash value shell with $1.8m nett due in Dec
cash value shell with $1.8m nett due in Dec, page-2
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