After looking closely into this issue, I think this is worth 74 cents right now, and even if they accomplish half of their plans only, within 3 years this is a 2$ stock. Longer-term if they execute well which I think they will, this business could get to a 1 billion AUD EV or about 12 times the current price.
The risk here at this time is Execution and key terminal risk, I think 50% risk to 50% drawdown.
Wait till the Americans get wind of this new issue.
ABE Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
