people have to realise that at 0.90 this becomes a A$700mln+ market cap company, and for that you need revenue AND tremendous growth. It is possible that with earnings of A$1mln and HUGE growth it could be justified with a 70 x PE, ut the hurdle to that is NPAT + growth.
Not saying it cant be done, but this has rallied 25% in last month or so - and that in itself is a significant bounce.
Getting quality names on the ownership register will keep the company focused and bring investment banks in to cover it. Once that happens we see buying on any weakness and some serious money involved. In the meantime I think we should all be very happy with the last month or so performance.
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people have to realise that at 0.90 this becomes a A$700mln+...
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