well undervalue5 Jan 2016 08:46
current mcap around £2m vs $5.5m cash at last report + the latest $400k non-refundable deposit
$18.6m net assets as at 30 Sep 2015
The agreement has lapsed, and ongoing discussions between the Company and the Potential Buyers
will continue on a non-exclusive basis. In parallel, the Company will consider the available options for this
Project and will re-appraise the classification and carrying value of this Project as at December 31, 2015 (the
Company's financial year end). The Company will retain the $400,000 non-refundable deposit received from the
Potential Buyers and recognise this as income for the year ended December 31, 2015.