Unlikely information leaking, the fundamentals stack up BUT lets just put DM aside just for the moment, as he represents nothing positive.
- They took a promising prototype and manufactured a MB chip on the DORY platform with production equipment with IMEC
- They exceeded their own expectations doing so, producing phenomenal metrics
- They have an IP portfolio which means they have at least some moat at a minimum
- They are currently testing a 20nm array, which is critical as it aligns the tech with industry leaders, surpassing competitors and proves its commercially viable
- They have an agreement with Infineon to produce a custom test chip at 20nm
- The company has spent the same amount of money on development as it's market cap. So its beyond massively discounted.
Success at 20nm is huge, lets not forget Optane sold to Micro for near USD2bn.
I could go on and on, I genuinely believe a re-rate to a market cap of AUD800m is reasonable
if they announce 20nm success with metrics, furthermore, if they improve that success again with Infineon, another re-rate to a market cap of AUD2bn isn't out of line.
Then you have to apply a huge discount for the clown at the helm, Dave the Monkey, which the market will decide.
(20min delay)