FTT
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@notlistening14 just explained a few posts up, maybe he should...

  1. MrWisemanSays
    1,027 Posts.
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    15/11/18
    22:30
    Post #: 36524823
    @notlistening14 just explained a few posts up, maybe he should elaborate about it a bit more in a more simplistic way.

    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?

    @
    FTT Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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