I topped up 5000 shares. Couldn't resist.
My timeframe is at least a year from here to see major re-rate. Such groundbreaking tech takes time. Ofcourse we all would like it to happen in a few weeks but thats not reality. Looking at last years annual report vs this years, their output has increased in the multiples. They are sharpening their axe of production so to speak, partnering with the right companies and have a strong balance sheet now.
The register is still EXTREMELY tightly held so as soon as an indication of $$$ get shown in the way of royalties or earnings, this thing will fly.
I dont mind them going to their mates to get capital, they do it fast and get the money asap to spend vs waiting for retail investors to fill out their forms and make decisions.
Company looks the strongest it ever has, so many irons in the fire and loads of capital just needs time to deliver.
DYOR IMO
Ann: Strategic Capital Raising To Raise $15.4 Million, page-14
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38.0¢ |
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Mkt cap ! $33.75M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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