Well after reading further into what this company does their earnings potential does look rather attractive provided they can stick to their forecasts.
My understanding at a glance...
Current market cap at 0.3c is $6.8m
EBIT 2010 $3.9m (almost 60% of current MC!)
Cash in the bank - recently raised $1.5m
100m CC registered at $5/credit by end of 2010. And estimated to double the following year
Kind of pleased that they didn't go ahead with the Carbon Planet P/L acquisition. Large CR and avoiding share consolidation means it's a better trade for me IMHO. And cancelling consolidation indicates their confidence in SP appreciation. Also they already have their foot in the door with their current CCT activities.
BTW - That's my 5mil that's almost filled at 0.3c.
Worth a punt at these levels.
Will do further research tonight and post a few questions if need be.
