In the 12 months to 31 Dec 2019 SMN had revenue of over $18 million which is nearly 15.5 cents per share.
That indicates that SMN is building a viable business & FAA approval will greatly multiply those numbers.
The fact is SMN can wait for the approval to be granted. It will likely occur within the next six months but it doesn't greatly matter if it is delayed further because SMN can survive with or without the approval. It will not be long before SMN is able to generate a profit worthy of initially returning capital until prior losses are absorbed then paying a dividend.
There is too much substance in the company for it to wither on the vine. There is value in SMN & this should support the share price.
Half year report due march 1, page-13
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Last
71.0¢ |
Change
0.020(2.90%) |
Mkt cap ! $97.52M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 67.5¢ | $57.08K | 82.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1190 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 57336 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |