With a MC of $50-60m and revenues on track for $25 + and cash flow positive I think there is still room to move in this rerate.
By the end of next week we expect to see the quarterly which we know will be solid from last weeks numbers update. $12.5m revenue for the half, with Q1 revenue being $4.5m and cash receipts of $5.7m, so the quarterly going to show solid revenue improvement.
The production facility on track for opening should be also announced, given it allows doubling of production I would expect that as a market sensitive announcement by itself.
These two announcements plus any positive news on UK market entry or other sales agreements could see us really see a run.
BXN Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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