I'm not giving away all my secrets!
As I stated in my other reply, we don't know the actual composition of the previous quarters revenue. But this will hopefully be released with a presentation at their upcoming AGM. (FRX have a FY that ends in the March Q).
This is the 1st quarter where my revenue prediction was almost spot on, and I was nearly $100k under on the expenses side.
Even if I could predict their sales with 100% accuracy, it doesn't mean ther market will care or re-rate them just because I think so!
If you want my opinion, I believe for the current Q, FRX will achieve ~$2m in revenue, and hopefully this will consist of alomst entirely of revenue from consumers.
It should get them to cash flow neutral, or possibly slightly positive.
I'd imagine you would be considering investing once you know the prospect of a CR has been avoided?
Unfortunately, once that is confirmed they should re-rate (much like your UNL). The problem with stocks like FRX and UNL is that volume is so thin.
Very hard to get a substantial parcel and very hard to get out once you do. The positive of course is that when/if they re-rate the scarcity should see them rise quickly.
What did you think of my merger suggestion?
