mxl - opinin
this is a post from another forum from someone who in the past has been very accurate in their predictions - for those new to this one.
"That would be great to know the expected date? The comments in the financial review today are short changing the amount of the contract. Upto 16 million from Aegis research is crap. I believe 25-30 million contract minimum to MXL. 50% upfront and the balance over 4-5 yrs. Qld contract will send MXL share price up to at least 30c. I expect that to happen when QLD gov't make it public before end of June as you say. I understand that fund mgrs and insto's are going to buy 10 of millions of shares when and if MXL/Accenture contract is confirmed and made public. Rumours say that we are the preferred tenderer from a short list of 2.
That is my conservative prediction. MXL currently has a market cap of 90 million (16c) and will be at least 170 million (30c) on a 25-30 million contract (to be announced before June end). Note: 12-15 million upfront (the rest over 4-5 yrs). However, other tenders will take revenue in 2006 fin year to a minimum of 40 million. So, 50 cents by xmas. Could be the best performed stock on the ASX in 2006 fin year."
MXL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
