To reiterate, my point is, the company (VMT) has a proven ability to use capital very well. Always resulting in a good rate of return on capital invested in the preceeding years.
During covid they hit a per of 65... they are now sitting at a per of 6-7. Rediculous in my mind.
If they can reach a very achievable 45 million aud profit per year, at a reasonable pe ratio for a growth company of around 14-15 their share price could hit $1.55 quite quickly. That's a possible ten-bagger ladies and gentlemen as the share price is currently 14 cents.
Currently 405 million shares on offer.
GNX Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
(20min delay)