Always good to have a small part of a huge market rather than a large part of a small market.
And the market size in China is almost incomprehensible compared to an Aussie only business.
If we can crack one or more of the 'several' wholesale opportunities, then this thing goes blue sky.
I like the trading at the moment...boring, but absorbing any weakness between 1 - 1.2c, and a breakout on any news above 1.3-1.4c with decent volume and this will suddenly have a market cap of $15 mill,instead of $5.
Just on that...EV of between $3-5 mill.
It has a really classy website, plus a Tmall and Wechat store, plus the HUGE Alxa Wine Club and website. It has all of the regulatory approvals. It has all of the logistics covered. It has a highly consumable product with constant repeat business. It is already growing its revenue base and showing fantastic market savvy.
Just so much potential at this price.
Patiently waiting. I won't buy any more and I have plenty, but will average up if it goes to plan.
Milesy
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