As expected, I think 11c is a fair price based on current...

As expected, I think 11c is a fair price based on current revenue.

The guided re-occurring $2M for FY20 will be further augmented with any new upfront sales, with the number of SenForce units we saw sold in FY19 I think receipts in excess of $4M will be easily achievable for FY20.

..so the gamble is on landing more contracts via SenGAME & GeminEye.
Potentially the transurban pilot could come into fruition too which would send this to the moon.

CR also likely if no major wins by end of CY in my opinion.

Sentiment is HOLD for me, still looks good.