How do you work that out. That is A$120m mkt cap. The prospectus has no forecast earnings and the term 'going concern' has been used over 4 times. Raising such a small amount of money, with ambitions of a US office and employee, means that the company needs to raise much more money, than A$3.5m. A$900,000 goes out to repay loans. If it does spike, then those options can be exercised, so that brings in a good lump, but 30 cents, I just don't see it.
Ann: Prospectus-PML.AX, page-4
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Mkt cap ! $83.33M | |||
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