Lot of holders selling on fear.
Who is buying those shares?
I think it helps taking a step back from the share price action and thinking in terms of what the company is actually doing - as I have stated previously,
until something actually fundamentally changes my sentiment is buy.
Management has stated from the get-go material revenue is expected in the July Quarterly this year.
So far, nothing has emerged to suggest that narrative being portrayed, and the greater target (
10,000 ohms by end of 2019 ) won't happen.
Call me stupid, but I've bought a few more at 15c today. Whether we will test the next support zone of 12c is yet to be seen - that would be ~$100m EV (ridiculous given we are just three months out from the watershed July Quarterly, and with the
company to be cash flow positive in FY19).
- Trading at $140m EV now
- 10 trading days until the next Quarterly
GLTAH.