Thanks afd, great insight.
I know numbers don't count when we have fools on boards, but i bought recently at 7.2 based on its Balance Sheet & P/L with NTA over 3 times Market Cap. All B/S ratios were positive and a $11 mill Mt Cap seemed way out of line with its prospects (with a few provisos).
So, if those provisos are met, Board buys a few competent members, company keeps technology ahead of competition, distribution increases and production keeps up with what i (for one) see as a massive market, then a NPAT of $5>10 mill should put a Mt Cap above $100 mill and a MP of at least $1.
That's why i bought and i''ll hang on until it gets there. If what "afd" says rings true, it wont take long.
Cheers
VMT Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held