dammit it’s usually almost time to sell when these stupid attempts at valuations come out.
first obvious flaw - they already have 2bn SOI. Plus the 600m they just issued, plus the ~1bn of options and performance rights. So even if they somehow get a half a billion valuation that you magically calculate; that half a bill valuation will be at almost half the share price you estimate.
secondly, if you think they get to half a billion valuation without raising again and significantly, then you must be new to the stock market.
how on earth you can claim to reasonably estimate their future market share and revenues, opex, margins, when nobody actually knows what it costs them to make these things, how much a plant will cost to develop, how much they can sell them for, what portion of utility in these markets they’ll actually penetrate. bit malicious imo to newer investors that read these forums. it’s speculative, still being scoped out by the company and end users, and very much to be seen whether they can meaningfully penetrate to justify any kind of mass production/revenue.
im bullish this stock btw.
GCM Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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