set for a breakout??

This stock looks way oversold because of an absence of news flow. Reduced cost base should see a modest operating profit this year for the North American segment. If the company can reassure the market at the AGM next month and get one or two new contracts, I think this stock could be on its way back to around 60c in the medium term (100% return from present levels). Present market cap is only $18mill, which is ridiculous. Certainly one to watch.

Full disclosure: I bought at 27c yesterday. I've held this stock in the past, and generated decent profits. Last sold at 71c.