AL3 pick the share price at end of 2020

Wrote a whole post on a thread that got locked. Thought may as well get a guess the price and general discussion thread going.

My guess for the SP, last trading day of the year:

$1.14

Putting my post up here as it may be useful to some.

The last post titled Get out now!!! was curious and deserved a quick glance through posters other holdings / post history.

• I wonder if they used the same logic of market cap vs revenue when you decided to invest in DRO, SZL, DCG, KTD etc.?

If they did, something doesn't quite add up.

No harm in being an open swinger, own it.

They may have unintentionally come across as if there's something fundamentally wrong in the company, which isn't actually the case.

As @DairyDonkey pointed out, cargo ships are running at at pre-covid levels.

See below:



Now add in the following as the underlying reasons to hold this as a long term investor, and even top up:

• 40% of the shares are owned by AL3’s board and management
• Defence / Navy slant with trial contracts underway
• Singapore and ST engineering connection likely with recent defence funding
• 3D printing, WAM sector in general
• Only company in the niche to be on Lloyd's register
• Collaboration with AdditiveNow
• Manufacturing while recovering from a pandemic

Selling an entire position right now seems like a highly risky thing to do, just to try and re-enter in the off chance it drops a few cents lower.

Ask yourself, what would have to happen for the SP to go to 30c, or 20c? Which substantial holders, the few that exist would sell and why?

DYOR.

Full disclosure, holding since 14c, topping up occasionally. Last purchase at 47c.