From March quarterly report that revenue is $6.186m or $15.462m (for 9 months), net operation cash flows is$2.081m or $3.835m (for 9 months). US$1.7m debt has been repaid during March quarter which leave the company with $68,000 cash increased in March quarter.
Since there will be no debt to be repaid, we should expect to see a profitable quarterly and based on March quarterly that estimated EBIDTA p.a. should be close to $8m to $10m.
Capital structure
CGM 406,223,576
For P/E of 5, the share price is in between 9.8c to 12.5c
For P/E of 10, the share price is in between 20c to 25c
Current share price 6.5c, plenty of upside from here.
weekly chart shows 12.5c target price
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