Monteray Mining Group Ltd – AKA – Norwood systems ASX:MRY or Proposed ASX:NWD

3rd March 2015

Corporate Snapshot

Market Cap (as of 3 March 2015): $2M
Share Price: $0.024
Cash @ 31 December $ 0.5 M

Dividend (last FY) None

Current Yield = None

IMHO (In my Honest opinion):
What:
Monteray Mining – essentially a mining company providing a backdoor listing to a tech co Norwood Systems Pty Ltd
Norwood have an award winning technology call CORONA which is a cloud service platform that reduces roaming expenses for corporate internation travellers while delivering seamless connectivity to their corporate voice telecommunication networks when abroad, its scalable and doesn’t require any downtime to install it
$30 billion market – large corporates
planning on a personal version in 2015
disruptive, seamless, SIMless
Zero corporate capex, minimal Opex implications

what’s the plan
capital raising of $3.8M @ $0.02 =187.5M shares
final sharebase =668M shares @ $0.02 = $13.4M
+ performance shares 150 shares
total diluted $16M

PE 14 based on total diluted = NPAT needed of $1m

should have about $4m in cash

The tech is award winning
they are in 5 continents
they will save big corporates a lot in communication costs
5 patents
Disruptive
500% growth per month
Zero change is required by clients employees
potentially 70% savings for clients phone bills

Cash Balance = $0.004 per share
Net Assets/ Mkt Cap = (will be updated)
NTA = (will be updated

potentially if hits
$50M Mkt Cap = $0.06/share
$100M Mkt Cap = $0.12/share

this is definitely a speculative buy

Rating: Speculative Buy

This column is the personal opinion of the writer and does not imply any stock recommendations or offer financial advice. Readers should do further research of their own or talk to their adviser before acting on themes in this article. All prices and analysis at the Date of publication at the top of the post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s