Agree Possum. Any selling here is done at a loss, therefore I take comfort in that there is very likely a strong effort to purposefully push this down.
We will soon have a revenue stream, which by any metrics is fundamentally attractive.
There is no logic that this is free market in action when you consider that Euroz (spelling) valued PGT at circa 7 cents from memory. So if Manary does not get up, then these buys are deemed a bargain. That said, dilution for Maniry brings the valuation down to circa one cent fully diluted, (again from memory). If that is to occur, I will still be happy to hold as we will have a growth asset.
Hopefully in the next 2 to 4 weeks we will finally be in production and, I hope we will get more info on new customers. Our partner Metachem has been operating successfully for 50 years, so that should give comfort that we have partnered with a company with a top class established network.
Glta.
EVG Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
