Ann: WestStar business SIMPEC wins $5M contract at FMG Eliwana, page-24

To think that I didn't even consider selling it when it went as high as 4.8 cents not too long ago.. I thought and still believe it was way undervalued even then.

Other than that I have invested in being one unlucky chap, I can find anything that deserves this to be under $80-100 MC.

1) Revenue of $30M last FY of which lion share in the latter half.
2) Profit making company. 20% profit margins roughly.
3) cash in hand of $10M.
4) Ongoing business with Tier 1 companies including Fortescue, RIO, Lynas etc..
5) In a hot sector in WA now with immense potential.
6) Already holding $15M confirmed contracts just in the 1st QTR this FY and tender pipeline of over $150M.
7) Confirmed 3 contracts this FY with

FMG Eliwana​

declaring about another $500m spending this year itself.

What more you can ask for a company MC $18M ?? Then what do we get ? SP drops from 4.8 cents to 2.8 cents this FY !!!