Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-14

this is incredibly impressive.

assuming next quarter remains steady at roughly 1.5 m earnings, you are looking at 12 million earnings on a PA basis.

with the 128.8 million shares on issue at 0.285c currently that is a PE of 3.

very few stocks on the whole ASX can boast a PE of 3 let alone profitability at that price.

while the merger does skew things, as long as earnings are steady, confidence will be bread and people will flock to buy. Investors follow the money.

my only question is the integrity of management as this is a topic I haven't reviewed yet, but this is a great fundamental buy as I am concerned.