Yeah, not spending too much at the moment, which is good (although I think the BOD are getting a good deal getting paid in shares). If we can keep it up we might be able to put off the next CR until the share price is well and truly much higher.
Definitely good things to come. The things I noticed most about plans for the 2021 financial years are:
- It looks like we have put New Forrest (our manufacturing plant) to bed, and will just rely on the Grasim manufacturing facilities. I'm really pleased about this. I was of the opinion that building our facilities too early would necessitate raising capital that would lead to too much dilution given the share price. Really good move, I reckon.
- It looks like they are intending to progress things with Codi and the nonwoven side of things. This too, I am really happy about. I understand they wanted to focus on clothing manufacturers because there are better margins, but the Codi deal could simply see a rather large supply agreement come in which results in substantial revenue.
There are obviously other good things planned such as scale up of manufacturing and supply agreement with clothing manufacturers.
Hopefully the IP side of things will come to fruition.
The lockdown situation in India is till the spanner in the works, though, and there is no telling how long this will be impacting the company. Fingers crossed Grasim starts working on our stuff sooner rather than later.
All in all , I'm really pleased with the outlook and the plans for the next year. I genuinely believe that if we can achieve what they have laid out, the share price could be much higher than it is today in a years time. 2021 is a big year for Nanollose, but I think 2022 will see the massive share price increase we are all waiting for.
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