yes, my take is it’s a low bar, or the market is overvaluing the prospects here.crudely speaking, the market seems to currently be forecasting shareprice north of 7 cents in 2027.e.g cost of ADOO is ~1 cent plus current premium to convert ADOO ~1 cent (3.5 - current SP) plus bonus option conversion of 5 cents.so performance options at 4.8 does seem to be based on lower expectations than the market. I note it is even below the prior 3 year average.
(20min delay)