I would be interested to see what SP others think we might open and the reasons for it.
There’s still some unknowns about the particulars of the deal but I’ll give it a shot with what we know.
My starting point is that the global recovery of markets post Covid has been under pinned by optimism, strength and greed in the Tech sector. A great time for us to relist and I’d like to see the company flood the market with news in the lead up to relisting.
From a technical standpoint the $5M contract and making some revenue assumptions a re-rate to a MC of $40-50M seems reasonable. I’m estimating 1.6c-2c on open. With more to come when revenues are better established and understood.
Having said that, current market conditions in the Tech sector could push us closer to a MC of $100M
