FNTP provides a guarantee that for the first time the company has achieved something that will progress to revenue generation.
the gap in time between FNTP and practical completion (revenue) is considerable so while there might be a modest rise I don’t think it will be the huge SP catalyst we had hoped.
let’s be honest the SP should be double what it is now and there should really be more interest from bigger players considering who is in the game and the Tier 1 companies involved in the process.
the guessing game is whether money comes in now or waits until revenue generation in 2024.
the company really needs the options to be in the money well above strike price as it’s around $11m by memory in the coffers - that would sustain them for a long period of time.
FNTP followed by a couple of left field strikes is what we need.
hopefully they finally get there
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