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I think you've pretty well summed it up for long holders like me.

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alonso

16,120 Posts.

134

10/08/23

15:56

Post #: 69273152
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Originally posted by whirlswirl: ↑

Despite the poor sales with Rover, in terms of technical excellence, the company hasn't missed a step - they're clearly world-class at what they do. I can't really see long-term investors selling because they believe future projects will not reach completion. It'd be for the current financial health of the company and sales performance to date. Given the size of the markets the upcoming products will serve and the lack of competition in those markets, these metrics could quickly swing around.

Also, it wouldn't be unlikely for major contracts to roll in shortly following the commercial launch of Argus, some of the major customers are/have trialled the unit - I'd think they'd be placing orders pretty quickly for finalised units if they were happy with the performance. All just my thoughts, it will be interesting to see in a couple of months how it all plays out. It's a small cap play, thus inherently very risky, but the potential upside outweighs the short-term pain at the moment, at least in my mind. I've been slowly averaging in, I'll let you know how that played out in a couple of years - either will have a big smile or will be back to working overtime hours again haha.

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I think you've pretty well summed it up for long holders like me.

MX1 Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.9¢		Change -0.001(0.56%)		Mkt cap ! $50.38M

Open	High	Low	Value	Volume
9.0¢	9.0¢	8.9¢	$10.86K	121.0K

Buyers (Bids)

No.	Vol.	Price($)
2	213685	8.9¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	16950	1

View Market Depth

No.	Vol.	Price($)
2	213685	0.089
7	425137	0.088
5	1013645	0.087
2	46883	0.086
3	46770	0.085

Price($)	Vol.	No.
0.090	16950	1
0.091	70273	3
0.092	516076	1
0.093	6306	1
0.094	58780	2

Last trade - 11.43am 20/05/2024 (20 minute delay)


Last 8.9¢			Change -0.001 ( 1.11 %)
Open	High		Low	Volume
8.9¢	8.9¢		8.9¢	237
Last updated 11.59am 20/05/2024 ?

MX1 (ASX) Chart