SUV 3.77% 5.5¢ suvo strategic minerals limited

Ann: Completion of UltraCharge Transaction & Change of Name, page-34

  1. 13,097 Posts.
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    Mouse, I really liked the look of this one from the moment I read the LTX ann, earlier in the year. Didn't end up participating, due to being a bit long IPOs when the offer was open.

    The sector is 100% ripe for disruption and still cannot believe how long charging various everyday devices takes. I have no doubt this industry will come on in leaps and bounds over the next 2-5 years and beyond.

    If a MT/LT investor, you'd want to be keeping abreast of the competition, as there are many research companies out there trying to achieve a similar outcome to UTR. StoreDot (http://www.store-dot.com/technology) is right up there on the list imo and uses a patented amino acid process for fast charging. It's backed by Samsung's VC arm and has already raised upward of $60M in series funding. As with all techs, the other risk is redundancy of the technology and getting to market/trade sale, before something new and superior arrives. Same as most tech subsectors.

    If a ST trader, you'll probably have a bit of the old register to work through, as this is an RTO, not IPO. Once that's cleared and with the right Anns, the next issue will be whether ot not all the true believers sell en masse, once the mc get up to that precarious $60-80M range or hold tight. UTR is starting from a bit higher mc base than most tech RTO/IPO, so perhaps less easy money to be made but that said, I think it deserves a higher mc than many. Where the market sees value at, we'll find out pretty soon. I'll interested in taking a position but will probably let the dust settle and try and get onboard for the second and larger move, after the standard week 1/2 pump. Best of luck to all holders.
 
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