Its interesting that the Market totally missed the essence of yesterday's announcement. It is obvious to me that a " Perpetual License " has been sold to the Government of South Africa. It is also obvious for what ever reasons TYM couldn't release the dollar amount signed ( we know it would be a minimum of $200K upfront and $45K or so ongoing per year from the prospectus ) may be the SA Govt doesn't want it to be released?? As per ASX rules though if you can't release the dollar amount in the announcement it is not price sensitive. Hence it was not!! It's a massive tick from the South African Government for TYM. This Q revenue would be for sure a decent one due to this alone. The problem TYM has on its hands is this. Various clients they sign may choose not the signed contractual amounts to be publicly released for what ever purposes. In those cases those contracts deemed by ASX as non sensitive even though TYM gets the money flow straight away. Once the market realises this, then they will understand the full potential of TYM. Let's see which contract is next!!! Cheers.
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1 | 350 | 0.028 |
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Price($) | Vol. | No. |
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0.039 | 107728 | 2 |
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