Cash on handf $22,191k quarterly outgoings of $250k will be offset by interest earned on cash. OK so the cash position shouldnt deteriorate going forward.
Outstanding shares 450,427,346 add the 70,000 options that are in the money and you get 450,497,346.
Now, $22,191,000/450,497,346 = $0.04926
Why would anyone take the $0.041 to $0.042 the board is proposing?
This excludes the two tenaments mentioned in the quarterly report and Cashmere?
Surely its worth holding onto!
MMX Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
