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Ann: Quarterly Update and Appendix 4C, page-27

  1. MJS
    2,120 Posts.
    lightbulb Created with Sketch. 7
    That's down to approx $900k now.

    And that's the challenge I have with trying to value this. They are talking up accounting profit because new cash sales over the past 6 months has been lacking.

    It seems they are managing costs well which is nice for a small cap wanting to grow rapidly (all too often exciting small caps forget about cost management). However low new cash sales last 6 months, ±$50m market cap at current prices, my risk profile needs to see more traction even tho the story is nice.

    MJS
 
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