A VERY impressive release from WRG this morning.
Although it took a bit longer than anticipated given - "The release of results has been delayed awaiting the final test report from Aerosol." - it was definitely worth the wait.
I think the whole report can be best condensed by the chart below:
![]()
It is apparent to me that with Bluemist, WRG and its shareholders are on to a real winner - enormous market size and a product that destroys its competitors offerings.
Sure, it'll take time to commercialise and implement the marketing strategy, but then again, a "big boy" may come and just buy the technology outright.
At its last traded price of 61.5c, WRG is capped at approximately $16.6m.
Given these results, I personally believe a market cap closer to $50m, or $1.85/share, is warranted.
Add to My Watchlist
What is My Watchlist?

