Yes, it's good to see a profit and hopefully it continues. (One...

Yes, it's good to see a profit and hopefully it continues. (One profitable quarter does not make a company.)

The $11.4 million payment off the loan is a positive step but I wonder what financial assets were sold???

A net profit of 2.7 million/1000 million shares makes a NTA gain of only 0.27 cents. So NTA now stands around 1.6 - 1.7 cents. If we use 2.4 cents as SP, then current P/E is approximately 9.

But at least it's a step in the right direction. I mean let's face it, so many companies on the ASX do not make profits... EVER!!!

I'll still keep it on hold for now and see what next quarter brings.

Good luck holders. :-)

***Please check the figures for yourself as it was only a quick look and calculation. If I have made any mistakes, please let me know. Cheers.