I personally expect to see a bit of a pullback following the annual report being released as people will sell the headline even though all the information is already known to the market from the 4C reports issued through FY '24.
From there I'd expect to see a slow and steady build through to the end of the calendar year to at least 1.5c as the Limepay deal settles and any new deals they've got in the wings come online. After all, they're currently doing $2.8m in gross revenue and the first revenue milestone requires them to get to $4.2m annualised gross revenue within 12 months, so I'd expect they have something(s) that were pending deals waiting to be be monetised in order to hit the first target. That's just my view as I certainly wouldn't want to commit to receiving over 50% of the sale proceeds upon hitting performance based revenue targets if I didn't think I'd get there in the required time.
SPX Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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