Please correct me if the following is wrong as it could be as i am thinking this is to good to be true.
At a conservative estimate we are looking at 300k x $100 USD so approx 45,000,000 AUD in revenue, after looking at the recent cash flow statements I think perhaps even 25 million (again conservative) could be booked as profit.
If this is the case with 600 million odd shares on issue I would expect a move to the 25-30c range.
If this number is replicated at the next auction i would imagine a move to 50c+.
If they manage to average the sale price anywhere near some of your estimates of $200 USD then we will be looking at a share price of 40c-50c in the next 3 weeks.
The other thing worth noting is we closed on our highs today on larger then normal volume, from my expereince I dare say the buyer is a professional, after watching the action all day this isn't a mum and dad topping up a holding..
The cart has broken and we should move to 25-30c even before the auction.
Also worth noting the options are cheap - they expire in 2020 so should be given at least a 3c time premium, this means they are currently trading at a discount to the stock (although only a couple of sellers on the board).
Good luck all and see you next Friday at 20c.
This is starting to look like a real business and if they can hit these figures i have a much higher target in the coming years.
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