Some real operational traction developing here; annualised net...

Some real operational traction developing here; annualised net revenue now over $30m after a cracking quarter.

That compares to a market cap of $35m, so a market cap / revenue multiple of 1.2x, which screams value.

additionally there are plenty of growth initiatives through reworks, crypto commissioning ( late but coming) and higher oil production through lower well pressure we will emerge a profitable company with high growth.

With positive cash flow of $1m in the quarter this is no longer a survival story funded by shareholders and exotic debt instruments, but an operation where management can make decisions about priorities and investments that can add further value to the enterprise.

Is now only a matter of time before the market catches on and we will see some SP appreciation.

The current market rebound on improving inflation and moving into the northern hemisphere winter should also act as positive catalysts to the SP.

Granted the market is highly sceptical on AXP after multiple false dawns and want to see the numbers, but a couple of more quarters like this one will really see the runs on the board and the market will have to take notice.

Good luck

Wazz