Of course tonks, totally agree not a quick fix. But the investment case shifts now quite dramatically with this assertion from ADR. The market is forward looking and given we now have a clear statement the directors are NOT considering diluting our holding, the option value is we can wait whilst the turnaround progresses. I'd posit that at $5m market cap, this is a very cheap option indeed. Finally given we are already seeing the first green shoots, it might even surprise to the upside (but that need not be our base case anyway).
Of course tonks, totally agree not a quick fix. But the...
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Mkt cap ! $9.861M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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