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12:35
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Originally posted by Mikezal:
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EOS on 24/08/2018 announced that they had won several contracts worth more than $600M during 2017/2018 along with ( EOS wins Australian Defence Program worth $48M released later on 18/12/2019), and the price never jumped up as high as the new $100M announcement. I am just wondering why $100M contract made buyers pay $6.5, $7.2 for a share which was around $4.7, $5.0 on the market on 30/06/2020. 24/08/2018: EOS Defence Systems CEO, Grant Sanderson, commented: “This is a very pleasing$2.85 $3.05 $2.4 in the next three month$ 7.1 $ 7.3 ON top of everything I mentioned above they had several acquisitions recently, and I am guessing they will have to do a Capital Raise soon to cover the costs of producing 251 Remote weapon stations and related materials.
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For me the recent value comes as EOS's direction into space tech and space comms and the governments allocation of 7 Billion over the next 10 years for space tech and space comms. For me that is where the real value sits not in the headlined announcement.
(20min delay)