Another better than planned result.
7.4 GWh/month UM of embedded network connections supplemented by 1.1 of new DMC customers.
Total of ~205 GWh under billing and applying the often repeated and reaffirmed 40k margin/GWh under management. A healthy 8.2 million gross margin is indicated.
Growth rates of 8.53/month also tracking well above previous rates of 6.65 average
Looking back a little to Andrew Pierces and recent institutional buys it is clear they see value in the range 1.75 to 2.5c
Andrew converted 10m options at a cost of 2.5c each on 27/06/17
https://www.asx.com.au/asxpdf/20170628/pdf/43k7dk38nd0qkj.pdf
EGP Capital took 30m shares at 2c each on 6/4/18
https://www.asx.com.au/asxpdf/20180406/pdf/43t0tyy9qn09rj.pdf
It is hard to see a downside from here, risk reward ? seems mostly weighted towards the risk it may take longer to appreciate in value than a risk of loss.
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