This stock drives me nuts. Potential is massive, ticks all the right boxes- strong partners/collaborators, very large potential markets, circular economy, customers with a problem to solve and we have the solution, minimal costs and dilution, but activity generally at a snail's pace. So what have we to look forward to and will it happen in the coming FY?
Tree free fibres
Clothing and textiles - $30b marklet
Non wovens such as personal wipes - $30b market
Then:
Jelligrow growing medium
Vegan leather : > $100b market
Near term: More pilot spins at higher volume - then need to see a plan as to how to move this forward into commercial agremenets and quantities
And what were the near term revenue iopportunities mentioned in recent release?
Market cap only around $8m, Spinnova not a bad proxy, MC around $450m (was close to $1b before).
Surely its time is coming...if it nails just one of the 3 big opportunities, it'll be worth the wait, and its really hard to see why it would fail other than by being too slow...
NC6 Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
