Lets see how we go today thriftynifty. My opinion is an upward trajectory, but DYOR. My 2 cents:
- They have cut their losses and are cash rich at the moment ($15m-$20m). Its always a good position to be in. Lot of potential for acquisition/s, new collaborations, investing in innovative supply chains, targeting new markets etc. A good management can invest such levels of cash and make it 10x, 20x....
- The company has been around for a long time. In all probability, they will prevail and give good value to the investors.
- We might see a bit of panic selling this morning, but fundamentally the SP will go up in the long term.
- The recent drama is just related to routine asx paperwork and providing clarifications about the sale of the asset.
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