Just has a read over the annual report and my first thoughts are what does this company actually do? It is totally reliant on a bunch of academics doing academic things at academic pace which has so far yielded $30 worth of zeolite.
This honestly IMO looks like a school project that somehow has a market cap of nearly $100 million, with two and tuppence in the bank -now that is frightening. How could you possibly value this company at this valuation in this market?
Absolute house of cards IMO, I would be happy for someone to explain this valuation to me ?
WW
Ann: Annual Report to shareholders, page-2
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