-
Share
481 Posts.
46
22/08/17
13:19
Share
The stock is finding good support again after the recent sell down.
Think the recent quarterly provided an excellent opportunity to sell the news.
Resistance at 0.16 should now become support.
The uptrend is well intact.
As stated by Domenic, net debt should be extinguished in the next few months leaving a strong cash flow position.
Revenue at $44 million and increasing and EBITDA approaching 12 million, equates to a PE of 3.
I'm expecting a solid re rate and a test of 0.21 after the half yearly the next week.
Cheers Lute
-