There are now 43.2m shares on issue, = m/cap of $7.3m
All interest bearing debt is, or is about to be paid off, from the RI proceeds. No Conv. Notes are o/s.
So conservatively assume an EV of $7.3m
With an EBITDA of $1.85m, trading on less than 4x EBITDA
With Iridium Go now in full production, and being well received, and with the balance sheet sucessfully re-capitalised, I see some nice potential near term upside here
WRR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
