The ASX has tanked across the board due to election concerns. Everyone should read this article: Election
An overall market correction presents a great buying opportunity. I have got more today. There are only 175M shares on issue. 1 positive announcement and this is well above 50-60c in a flash.
Potential catalysts:
- Cash flow positive next quarter
- New contracts (Page 19 of recent investor presentation)
- Contract extensions/renewals
- Acquision
There is a lot to like about this company. No debt. Growing sector. Great management.
Current MC (Valuation) of $60M is very cheap imo.
AR9 chart, page-375
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