Nice rise to 1c today.
Extremely undervalued at the moment - the company has been handed a 33 Million AUD lifeline as part of its Irridium investment. As at this morning that's a pre-tax value of almost 10 times the market cap of the company.
On this transaction alone the FUL valuation is:
$33,000,000 / 457,718,569 (NO. shares issued) = 7.2c
From memory the FUL Balance Sheet isn't significantly in the red.
These are pre-tax numbers (no idea what their current tax position is but I'd gather they have a hellof losses to carry forward).
Nice rise to 1c today.Extremely undervalued at the moment - the...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)