Reality is that despite the positive announcement of last week and related positive plans both locally and internationally - there are NO buyers.
Whilst I find this extremely surprising (& frustrating) I have taken an impartial view and attempted to put this into some perspective with a suggestion on the way forward.
1. FER appears to have focussed resources on the trial, what is required now is a significant and sustained marketing strategy targetted at new local & international investors.
2. Despite all the good news the investment community is taking a wide berth not so much today due to risk as this has been mitigated with the results. Bottom line they are saying "show me the money" FER has to start bringing in some revenue, suspect that once consumers start handing over thier hard earned cash for the test investors will flock in.
I am 100% confident that FER will go from strength to strength - next few months are important in this regard from an investor community point of view.
In trying to value stock what I am at a loss to explain is current .75c, at a minimum it is worth $2 and more likely $3 based on results, market potential, international opportunity, cash in bank etc
Only time will tell
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