Agree, would think anyone trying to DT this will do their nuts....

Agree, would think anyone trying to DT this will do their nuts. It's generally quite illiquid and news flow can be few and far between. It's a value play for sure

The first large scale product delivery from CASwell was due this month and to be used to satisfy the order backlog, primarily from Harvey Norman so I would expect to see that impact the December quarter revenue rather than the current one. The order was for a minimum $500k for the first 6 months, then reorders as required. The opportunity was expected to be in the order of $20-30m p.a so $500k is really a teaser should the product get traction there. The there is the direct to developer selling. Wallaroo Shores is the first major order in this respect for $736k, they have ordered 2000 units and are anticipated to order an additional 13500 units for the development therefore another $2-3m. The development has hit a few delays but they should be fitting out by early to mid 2020 so there will be some far more material revenue late this year or early next based on the known revenue streams. Then there are the raft of recent distribution deals. any one of these could bring in significant revenue.

@+50% the MC is now $9m, they raised $2.5m recently plus have $1.7m R&D rebate due for the December quarter so the EV is still attractive for a company that looks to be getting on with growing out distribution while heading towards meaningful revenue. Won't post too much here as I'd really like to see that December revenue come to fruition before getting too excited, I'd also like to add at a reasonable price when it does....