I have amassed a holding of 3 million shares now at an average price of 14 cents. I have total confidence in Tempo management and am of the opinion it will be one of the best micro cap picks this year. I'm expecting it to be a $100M market cap company within 3 years. It's very rare to find a microcap company with Tier 1 management with Tier 1 customers that is cheap - it's normally priced in. However , how lucky are we to have the resources downturn and all the "smart money" avoiding mining services companies. They just didn't look because the sector had a big AVOID. Now, just in the last four weeks, someone , somewhere said....maybe we should start looking - MND $5,50 in Feb $7.30 in March - trading on a PE of 7 when you strip out the cash. I think TPP can do $15M NPAT ( they don't pay tax $53M in losses) and there's no interest to pay as no debt and not a lot of D&A. In fact their net op cash flow pretty much equals NPAT once you strip out the cash in for bonds/ cash out for bonds equation. (would be good if they segmented this on the cash flow statement). I'm there for the long term....not a trade.....Top 20 holder now
TPP Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held