RE:RE:RE:RE:RE:Quarterly Results - Expected this Week!!!Well stated, Hen. The share price is moving now, and I'm glad it took a few hours to spark some life. I managed to double my position this morning at $0.405.
The other thing the market has been grappling with is understanding the company. They read "Goldspot" and probably think it's just another gold junior, many of which have been under pressure due to the falling price of gold.
The market will catch on eventually, though, and see that the company is generating revenue from several different sources. It's possible the rolling out of litho lens and the Saas revenue they plan to generate from it could be the wake-up call the company needs. At that point I expect it will be rerated, so patient investors can sit back and enjoy the non-dilutive growth in the meantime.
Hard to believe they have $30 million in cash and investments, $0.11 of earnings, no debt, and a market cap of just over $40 million. That's an enterprise value of $11 million for a company that will probably generate $6 to $8 million in consulting revenue alone in 2021.
If you cut the earnings in half to $0.055/share, multiplying that by 15x that equals $0.83/share.
Or $0.11 per share with an earnings multiple of 20x gives you $2.20/share.
Factor in Saas revenue for litho lens (and other products), plus continued growth in the other revenue streams, and you could justify an even higher share price.
This company is just getting started.
HenoftheWoods wrote: After another blowout quarter, we shouldn't stay in the 40ct range for too much longer. This report is very very strong.
Sequential growth intact, which is great to see. Year over year, growth accelerating.
I think the market is having a bit of trouble valuing a company that makes so much money from its assets, but eventually it will clue in.
We're currently sitting on 30 million of cash and (fair market valuation) assets. That's pretty much the market cap of the whole company.
This mining technology powerhouse gets ZERO credit for its tech and employees (many with science Masters or Ph.D. Degrees).
Easy double from here.
IMHO
Cheers,
Hen