For a new tech with recurring revenues.... Current ASX metrics for a peer is:
12 million AUD quarterly revenue (30% growth quarter on quarter)
1.5 million increase in cash reserves
(plus 40 million of cash in the kitty)
equals a 600 million market cap...
We could possibly be hitting those metrics by end of 1q 2017... 600 million market cap is about 1.80 or 200% gain from current prices... In one year. That's not if the company exceeds its expectations, thats if we simply hit the goals we're aiming for.
AJX Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
