I had a decent run when she hit 0.32 back in December and bought back in for 0.25 shortly after as the resistance at this price had proved itself.
What I like about AEB is the operations team is streamlined and they have a lot of lines in the water so to speak: a bunch a smaller contracts in different industries and geographical regions. There is definitely a huge upside potential for contracts to expand, just a matter of time to land that big fish.
I agree that it is frustrating that few firms have surplus cash to throw at a decent Algaetec setup. Would be nice to land a few domestic power plant jobs and see this sort of technology subsidised (Ruddy might have done it back in his day). More frustrating that the Sell side is in a state of panic due to technicals, can't blame them and I'm looking forward to double down when the price is right.
Ending on a positive the MD won't risk accelerating the downtrend with further dilution anytime soon.
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