Yeah the company is patiently setting up all the necessary foundations for this to grow by their multiple faceted approach to generating revenue and new R&D. I have a feeling that multiple fruits of those efforts will come to fruition all at once. And some will wish they haven't sold out or have bought more at these levels.
I mean, even if this falls further, what is say a 20-30 cents purchase price difference, if they successfully commercialise their product and get significant operating leverage in a medium term? Share price will then likely follow in the same trajectory as PME (reminder we also have PME's Sam Hubert on our board to guide us along, especially with his invaluable industry connections).
The level of hiring they are doing shows that they are serious in de-risking the business and setting it up for success in the long term.
It's been difficult to keep adding more and then seeing weakness in price. However, if there's further weakness next week or so, I'll consider still adding more due to my conviction on this. I've got a diversified portfolio and this represents only a minor portion it so I am happy to hold.
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52.5¢ |
Change
-0.005(0.94%) |
Mkt cap ! $215.4M |
Open | High | Low | Value | Volume |
52.5¢ | 53.0¢ | 51.5¢ | $146.0K | 279.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 21156 | 52.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 310 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 21156 | 0.525 |
2 | 10961 | 0.520 |
5 | 53227 | 0.515 |
18 | 187114 | 0.510 |
7 | 110118 | 0.505 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 310 | 1 |
0.550 | 31000 | 2 |
0.565 | 565 | 1 |
0.570 | 21120 | 3 |
0.580 | 60000 | 3 |
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