SpaceLink is done and dusted. Already overburdened with debt thanks to Spacelink.
Lots of talk about "market soundings". This equates to total rubbish and is akin to making reference to pipelines. The points are interesting but not surprising, but please - space tracking and domain awareness...you would've heard Glen Tindall talking about this aspect of the business at the AGM. Put simply, there's no money it for them.
So that's it. You're left with a weapons manufacturer.
They raised money because they're broke and SpaceLink was going to be a point of difference for EOS. "TO THE MOON" posters were saying. Now, they'll just be battling with the big boys with virtually zero advantage, because the big boys are cashed up (with technology). Meanwhile, EOS are still playing in the sand pit with their tonka trucks.
Even if Hanwha wins the upcoming contract, big deal...$125m over 8 years less capex.
You'll never see 10 bucks ever again. And now that EOS will basically be a weapons company, there'll be bugger all investment interest in the company due to ESG constraints. Unless it's SOL...they don't care. Anything goes with them.
What a total sham.
EOS Price at posting:
91.0¢ Sentiment: None Disclosure: Not Held
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