Short term share price movement is really irrelevant. Expect it will bounce between $ 0.05 - 0.07 for most of this year. Better get used to it. Volumes are so small that any small purchase / sale at opening (let's say. $10K) will drive this price to either extreme.
To break out of this range will require a signifiant number of ongoing large orders to allow the business to have a couple of cash flow positive quarters and provide confidence of potential for ongoing orders to support the business longer term.
Whilst YTD orders of $12M+ has been great, most it these are one off's. As we have seen in last 3 months, then relatively quiet. So at this point not a large order book for FY2025.
For this reason expect will be waiting for US facility to be set up. Then to start seeing significant contract orders flowing.
Also expect with the actual financial commitment to the US facility, might see further Archemy sales. As companies are purchasing Archemy units manufactured and supported from an AML3 US manufacturing facility. Provide much more confidence than buying from a small AUS firm, with a only a small office based technical support team in US. This will be a critical indication of permanent support for US.
Expect we are going to have some very exciting times next year with a real break out potentially early next year. At least hope so !!
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