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Ann: June Quarterly Activities Report, page-16

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Gentle Ben

644 Posts.

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02/08/18

11:49

Post #: 34686848
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Originally posted by Captain Blood ↑

At the very least, if we get revenues remotely in the order of market cap, we have an excellent measuring point for managements cost manegement effectiveness. I think this quarter will be our best indicator.

IMHO, This is essentially the point most were expecting when the co, was at IPO, which I got shouted for saying it was way too early. A few trades, I've got my VWAP down circa 24.5c after my first parcel was 40s, so looking closely at first half but happy to be in at this level at this stage of the game.

It's my belief that if mg't can demonstrate strong commercial control of tooling and small private commercial applications, AND get the initial US Navy installs operating and secondary stage order increasing by end of first half, that FY20 will see the worldwide adoption via navies and exponential commercial growth and the "baggers"everyone was spruiking early on.

I'm not suggesting by any means that it's likely, but that the real indicators for whether that's viable will be this half.

Very optimistic RvR over 2 year timeframe, without the roller coaster going forward, I hope.

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I am in a very similar position & mindset. Down to $0.27 VWAP and see this as a decent term hold which will be well rewarded

CFO Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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