At this stage if FIL is buying then it's probably just taking advantage to average down while the price is low, and hope that in the next 24 months the buzz increases and they can move to the NASDAQ. I think they were silly not to average down at 16-20c, but I think they now can see that there is likely to be a decent profit coming in 2 years time if they can bring down their average cost.
Another couple of high-growth years and growing revenues would probably support enough buzz for an additional raising and listing, plus as a delivery play it is also COVID-resistant. There are also a number of US-listed SPACs who could probably swallow up the company as a part of a larger acquisition too. I do not believe that GSW will exist in 2 years time as we know it today.
Told them not to sell my shares, will not be buying any more. It's in the bottom drawer for now, and if they every make it to the US then I will move it into Stake/Drivewealth and deal with it then.
GSW Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
