Thalassa cash balance grows

Thalassa Holdings said its net cash balance has grown to $20.3m following the sale of WGP Group assets.

The amount is below a previously-estimated figure of $21.3m, though this was due to the purchase of a further 798,250 shares of the company for $1.1m, Thalassa said.

"The board is actively reviewing potential investment opportunities and will update the Market of developments in due course," chairman Duncan Soukup said.