RKT 0.00% 0.7¢ rocketdna ltd.

Ann: RocketDNA Receives Firm Commitments to Raise $1.1m, page-44

  1. 14,968 Posts.
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    Well like any smallcap stock we are here for the potential in the stock.

    Its not like we are banging on about a stock like BRN when it was worth like $1b and only making a few quid.

    We are talking about a $4.5m MC stock with $2.5m cash. A $2m EV.

    The potential for the drone industry is massive and RKT has the first mover advantage and access to money via markets if needed.

    They are basically close to breakeven so not losing copious amounts of money while building this business.

    From the quarterly they are in talks with a tier 1 miner in the Pilbara. That could be massive. Just need to build a bit of momentum with some more contracts and everything will be good again.

    But things take time to secure these bigger contracts.

    Certainly going slower then I expected but at this valuation it is a buy not a sell.

    Just peoples frustration causing them to sell atm. 1 bit of news can change all of this imo.
 
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