You've missed this from page 4 of the annual rpt""Taking into...

You've missed this from page 4 of the annual rpt

""Taking into account the final settlement proceeds
due from MEO, the companys unaudited working
capital position was a surplus of $4,737,784 at the
date of this report."" (rpt date 14-10-2010)

http://www.moby.com.au/dl/moby-annual-report-2010.pdf

The cost overruns at Braveheart/Cornea were the culprit.

So they had $4.7mil on 14-10-2010 after receiving all monies from MEO, less the $1.1mil estimated costs for Dec qtr leaves around $3.6mil or 1.25cps cash backing.

Hope that clears it up.