Look at how Active Port (ATV) share price development and rebounded from a low of 6 cents to now 12 cents, market cap from $10m to $20m but with similar trend of revenue growth / current cash position, you do believe NNG is a good bargain to buy at the current price.
ATV: Share Price $11.5 cents, market cap $20m
NNG: Share Price $2 cents, market cap $4m
ATV: Revenue to date: $14m, currently reducing debt to aim for cashflow positive.
NNG: Revenue to date $7m and close to cashflow positive.
Both companies have very similar product / services offerings, leadership team and both located at Perth with aim to expand globally.
Ann: NNG Loan Facility Agreement, page-47
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| NNG (ASX) Chart |
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