I'm not sure if you have any experience in start ups. TYM is essentially a start up in a very hot space. This was only recapitalised in July 2021. Looking at things I'd say they are making very significant progress for what was essentially a complete reset only 4 months ago. They have completely restructured the business and secured two pilots in the first four months, one with Qld Govt and the other with UON. That's a very impressive start. Both of these could be company makers but all good things take time.
Look at the UON pilot. The agreement states that it's a six month pilot and if successful there is an option for a five year commercial contract. If you look at the UON website the client for the pilot is most probably Rio Tinto given UON are contracted for dewatering on their mine sites.
This looks to be a very cheap valuation given the space they're targeting but I personally think it's a three to five year investment. Of course it's share liquidity will attract traders. I suspect we're seeing the traders exit over the past week after the stock ran from 1.5c to 3.6c very quickly. Technically a base of 2c/2.2c would be very bullish.
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