They raised US27.3m in fy16 and ended the year with US31.6m in cash. Thats AUD42.3m / 206 shares, so yes your 20c per share in cash is correct, but 86% of that or 17.3c came from investors wallets in fy16. Without that cr at 90c, this would be ugly imo.
If they only manage to break even in fy17 as you state, the sp is going south not north from here.
Fy17 npat forecasts?, page-81
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