Rob, you also forgot to add the 100% off take rights WR1 has. Which is valued at $8 million. Further puts us into negative EV. Re board not buying on market, I was thinking the same BUT if they are in confidential discussions with potential partners/funding options and confident on closing in on a deal shortly, don’t believe they would be able to purchase on-market. So could be a timing issue. The ASX would be all over them, so need to consider this also. All in all, I get it very frustrating times, lets just see how the next month or two plays out and hopefully this is all sentiment driven rather than a fundamental flaw in the business. All the best.
WR1 Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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