DMX 0.00% 1.1¢ dmx corporation limited

Getting cheap?

  1. 392 Posts.
    Interesting to look at DMX.

    The company is now only valued at $19 million and having read yesterday's announcement I'm wondering why the price is not going up.

    They said that they were concluding further long term revenue generating contracts in the near term. This to me says that additional contracts are a done deal or they could not legally have phrased it the way they did.

    Expecting revenue of $1 million in the next quarter from the Aurion Gold contract. I don't know what the associated costs are with this contract but $1 million a quarter on a single contract makes $19 million market cap look a bit low.

    Apart from the chart looking real bad does anyone else have a view on this one?
 
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