chart, page-15

MHM is still valued at around $15m at 13c

Whilst a lot of people dont admit it , any company that is valued at $15m with revenues of less than $3m and making losses of at least $1.5m per annum has plenty of blue sky in its value already .

I own shares in another company on the ASX that I have previously compared MHM to that actually has a market cap less than $15m , has a huge scope for revenue growth so deserves blue sky ,has revenues more than 5 times MHM , makes a profit and is expected to pay a dividend yet people on this forum still think MHM is cheap

If it can get Geelong revenue up to 10m + er annum and return a profit of 15% net , then maybe there is a global prospect , but until then imo MHM is expensive even at 13c