This would all be pre-arranged
Probably using the crossing as a way to get the sophisticated out at around 20% return whilst also picking up some stragglers/stale holders
Still 6 Months away from a serious re-rate, as FY20 is when this will happen but we will need to see it reflected in forecasts or actuals.
Status qou for me at these prices - freeing up some funds and will buy some more.at 13c.
Until further guidance is given or some new contracts get signed I wouldn't want to be paying more than these prices, especially how admin expenses grew 1st half.
$25m turnover for FY20 would be pretty close to Maiden profit year. Which I think is achievable given some of the revenue streams haven't ramped yet.
Cheers
