Report from late last year, revised after CEO left. Basically, forget CEO and development milestones and compare similar ASX startups. 4DS is at $63 million and AXE is at 93 today, so far. I guess this is satisfactory.
share price catalysts- technology milestones, not moving the needle. IP addition, not moving needle. Validation provided by leading partners, still a work in progress, I assume Simon is doing this. Biochip will likely be first to commercialise? So TMR sensors fit in where? They are mentioned in this report on previous page.
Anyway, SP is capable of going a lot higher, almost double where we are , as we saw last month, without any of these catalysts. 60c can happen any time. I think SP has decoupled from milestones. Might be a good thing to go with what the market decides. 37c one day, 60 the next.
Let's hope we see 60c soon and then 70 won't be impossible
AXE Price at posting:
36.5¢ Sentiment: None Disclosure: Held
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