Drone News, page-746

Yes. We have read the balance sheet.

Though your comment was "Balance sheet is simply too strong for the current price". That is simply misinformation. The balance sheet tells us that the company holds a net 9c per share of assets when the share price is 25c. Your comment would be true if the share price was 6c (thankfully it isn't).

It is good that they have no debt, and they have a good pile of cash. But that position is because of capital raisings not profits. Nothing special here. Companies are always cashed up after capital raisings. That way they don't have to do it again too soon.

As for the carried for losses. They exist because the company keeps losing money. Hopefully, that will change very soon. But at this point we have no concrete evidence that they will be used up. $30 M of accumulated losses is a huge amount of money to have lost over the years and shows that it has a long way to go before it can claim that it has earned its keep. This is why the share price is not very high.

If you believe capital losses are important, I suggest you look at YPB. It has $80 M of them, a share price of $0.003 and a market cap of less than $2 M. It once had a sky-high share price ($10 adjusting for share consolidations).