I personally think this company is valued 10-15 cent SP even before this ann. I think the next 12 months is going to be a game changer. Surely we are in for a re-rate if this 30 mil comes to fruition. Defence is a great area to be in at the moment. Look at the SP of drone shield atm, although it’s carrying less debt and has a good sales pipeline, VR1 is potentially looking to achieve comparatively more revenue this year albeit with higher level of operating costs.
Ann: Major Defence Pilot Order Award, page-18
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