The sales forecast is between $12m to $16m for the full year (see slide 12 of the presentation). We know they won $4m contract in Europe and they already had sales of approx 0.2m in Europe. As per first chart this is approx 50% of contracted sales. So the total contracted sales is approx $8 to $8.5 m for 2021. Add in a portion of heads of agreement plus high probability you can easily get $12m or so
Note: As at May 2021 AGM presentation they had only 19% of total as contracted sales (now as at Aug 2021 it is 60% of contracted sales).
PET Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
(20min delay)