Mate, it made NPAT of $170m last year. 14c would mean a market cap of around $110M. So according to your forecast it is worth less than 1 years NPAT.
I would take the advice of insiders buying millions of dollars worth of shares than Cristal ball gazers like you.
Even if there was a cap raise at $1 which some other posters suggest, that would cause the share price to immediately correct like the Helius share price did. Although Helius has terrible earnings compared with APM. I also have a gold mining stock that raised this year at 10c and is now .49c (spr). Res (another gold mine) also raised capital to reduce debt and is also worth double now.
cap raises on good prospects are a positive thing. The dynamics of this stock would really suit a cap raise and would trigger a short squeeze.
and if anyone had been monitoring the markets they might have noticed inflation is moderating and the rest of the market has priced in 3 interest rate cuts next year.
Merry Christmas
APM Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
