SP3
Sitting at <$9M cap, with $2.3M cash, $1.5M stock on hand and had Q3 revenues of $1.1 (from solar and thermal range). Already dirt cheap and in discussions with major cannabis cultivators for potential trials and deals on both their solar and thermal range
On top of that, they've launched their new "Shark Warning" range - this could be a big hit
https://spectur.com.au/shark-warning-system/
I would not be surprised to see the WA government take up their shark warning system sometime soon ...
4 currently being trialled in WA - 2 in Margaret River, their most notorious spot ... recent fatal attack in Whitsundays (albeit QLD) to add the mounting fear before Summer. Could kill tourism for Aussie beaches
Shark encounters have doubled on WA beaches since last year despite spending $20M+ on drum lines etc. There is huge mounting pressure from the greens in WA to invest in prevention, detection and warning systems ... i.e like SP3's
Surf Life Saving WA automatically tweets all shark sightings @SLSLWA - they are non stop. This could easily feed into SP3's locally positioned Shark Warning System and immediately worn locals of the threat
Check out some of their tweets just in the past 24 hours !!! Shark seen circling a boarder, dead dolphin washing up on shore ... There appears no immediate way of relaying this to the locals, other than twitter. Bit hard if they are in the water or on the beach
$20 rental per day per unit. The amount of beaches, estuaries etc in WA alone be worth a motza to SP3 in recurring revenues
Crazy to think they are in talks with cannabis cultivators on the solar and thermal front, local governments on shark protection front, reported 40% growth on Q2 sales and soon to be CF+ and are sitting at all time lows
* I have been soaking most of this selling
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- Short Term Trading Week Starting: 26 November 2018
SP3 Sitting at <$9M cap, with $2.3M cash, $1.5M stock on hand...
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