Came across this yesterday & instantly my ears pricked up at the stark undervaluation & almost apparent 10-bagger in no time.
I’ll share some of my research below:
They have 3 interests with the following ownership:
Current Shares on Issue 235m + a SPP currently in progress (assume all purchased adds another 53m shares). Total shares on issue becomes 288m @ 1.2c = 3.4m mkt cap with 400k cash after the SPP.
- Advent Energy (27.4%)
- Molecular Discovery Systems (20%)
- Cortical Dynamic Systems (3.89% with option to increase to 10% via conversion of secured loan)
For an EV of 3m we get 3 projects which are company makers in their own right.
Advent Energy is sitting on an 11BCF Nat Gas resource & yesterday the government just approved a 40m infrastructure upgrade to the area which essentially puts a road to the door of the discovery. This massively increases the attractiveness of this project.
Cortical Dynamic Systems is ALREADY TGA & CE-Mark approved for sale in Australia & Europe respectively. These are huge markets for which the regulatory risk is removed.
Molecular Discovery is working through its liver cancer research and this is also a huge market, albeit not anywhere near as advanced (approval stage) as Cortical Dynamics.
All this is available for an EV of 3m … Will there be another CR shortly (perhaps in the next 3 months), absolutely there will but I dare say the SP will be trading around the 5-10c mark when it next occurs.
I still can’t believe this undervalued opportunity has so much to offer. Mkt Cap of 20-30m (SP of 7c-10c) should be an absolute given once the market wakes to the opportunity which I feel may occur today & continue next week as they have engaged a media publicist as per their Speeding Ticket reply yesterday.
This piece of media was also released yesterday http://www.nextsmallcap.com/triple-play-asx-micro-cap-pursuing-billion-dollar-markets/
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $14.46M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $616 | 48.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 7433777 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 924906 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.001 | 62969482 | 16 |
0.002 | 70002682 | 40 |
0.003 | 8922247 | 8 |
0.004 | 2999990 | 3 |
0.005 | 1500000 | 2 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
BPH (ASX) Chart |