Yeah totally agree - just saying that if you're MC of 50m with 35m cash, if you go 1 year without any material news (aside from progress towards material work coming) AND you burned $20m to setup everything for the next couple of quarters, the market might notch up to $20m off the market cap.
I'm seeing this in a biotech with a fairly long runway. This explorer has obvious large differences to that, but also similarities in that there's some months before you might see material news flow
Overall, leadership plays a big part here, and I agree with you there too
KRM Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)