Agreed, I had 2020 too. However, my model had much higher expenses - there is like a $500K drop in expenses next Q. If you carry that forward and assume slightly higher growth 2019 isn’t out of the question. Combined with that drop was a statement from Intelligent Investor about a chat they had with Hamish Stone. He flagged significantly lower operating expenses in Indonesia. The next Q will be very interesting as there is usually a Q1 step up in revenue.
If that is good, and the SP hits $0.25 or more there is a good chance of a few mill in oppies being exercised - which should negate the need for a CR.
ICQ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
