Ann: H1 FY24 Results and Business Update Presentation, page-10

I agree with pretty much all of what you have said. I note you also say "it needs more scaIe". I really do not like that much dilution despite the fact that ST1 needed some sort of steroid injection to keep it moving at all but it will come at a cost to the SP IMO. I do not wear rose tinted glasses so I can only see long term patience required here. It is only at the price it is now due to the interest in the potential of ex-Tesserent rescuer Julian Challingsworth to create a turnaround story here too. There is something on the horizon due to Kanji's involvement. He has spent enough money in ST1 to indicate that he thinks that it has something to offer. So there are a few unknowns to ponder. It does not owe me much at all so I am going to stick around to see what happens and I will make a comment or two along the way.