Ann: Weebit Nano and CEA-Leti broaden strategic partnership, page-75

i can not comment on brn but i can on wbt.

wbt reram has been in development for a very long time (10 plus yrs from concepualisation) with now 5 years of intesive tech development. the tech risk is now mitigated and we are moving to production/ commercialisarion.

why the surge.

1. was ridiculously undervalued. if we had been listed in a tech savvy country we would have been at todays mkt cap 2 yrs ago.
2. the final tech risks have been mitigated . .not just mitigated but tech enhanced as part of final development
3. some extremely confident and strong statements by ceo and board . .e.g. dadi 'every tech device on the planet is target for reram'
4. fully cash loaded after last cap raise to take to production plus significant inflows coming from option conversion so no risk of dilutive cap raisings or running out of cash.
5. some amazing appointments last 2 mths. head of sales and yesterday head of r&d .. . their ability to attract absolute top level candidates speaks to what will.happen the.next 3-5 yrs.
6. the growing tech war between china and usa and chinas massive investment in building fabs.
7. growing awareness of the quality of the BOD . . argued by many as the moat qualified board of any asx company
8. a vision by the board to grow wbt into a major player and with that . . potential of 30bil mkt cap very feasible (share price $190)
9. strengthening partnerships with leti and patent protection of what they have built
10. on verge as global leader to move to production in massive markets

the list could go on but that should be enough to help see why there has been a surge. but for me . . we aint even started.