Can you provide a link to this Morgans valuation document ... can't seem to track it through google myself ... It may help clarify what I'm seeing in the published Audited Annual Report ...
Based upon the published Annual Report ...
Page 31 Net Assets = US$21,992,680
Page 53 Shares at 30/6/2014 = 138,270,794
Therefore Net Tangible Asset Value per share (as at 30th June 2014) = US$21,992,680 / 138,270,794 = US$.159 cents per share / .9 (estimate convert to AUD$) = Net Tangible Asset Value per share = AUD$.176 cents per share...
Shares are currently trading at AUD $.65 cents per share ... when balance sheet only values at AUD$.176 cents.
BYE Price at posting:
65.0¢ Sentiment: None Disclosure: Not Held
