This announcement more accurately reflects where the company is at. I can't make up for the sins of the past but I can be realistic about where the company sits and what it's potential is. I have bought an option on something potentially massive that I think could easily be valued today at $50-$100m without any further explanation but the market currently values it at less than $15m so I see it as value. I also hold ADO, AHZ and OBJ in the bio space and am watching VLA. MBE has treated me well so PYC is a slow burn hoping for 5x or 10x current MCAP (given the concentration of ownership and tendencies for bios to settle in the 100-200m range I see this is sustainable on the ASX provided the company gives a reason to value it higher.
it took 3 years for Range to pay me and 3 years for ADO to pay me and I am about 6-9 months (although I have watched for about 3 years) in here so I can wait.
PYC Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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