FTT
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I am missing something? FTT trading at $1.7m MC with $4m cash...

  1. notlistening14
    1,908 Posts.
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    15/11/18
    21:26
    Post #: 36524183
    I am missing something?

    FTT trading at $1.7m MC with $4m cash (according to last quarterly) and a likely large R&D rebate coming? I.e less than cash backing.

    IMO ASX shells are normally worth $3m-$5m MC (e.g RMX).

    Implied valuation of at least 2-3x current share price from here for FTT once the dust settles?
    Last edited by notlistening14: 15/11/18
    FTT Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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