at 1c it may be worth a punt for those who are willing to take the risk with some or all of their investment.
at 25c,15c or 5c its not and wasn't although the optimistic posts kept coming.
if they get funding then it may be worth 2c. at production stage it may be worth 3c. this would give them a mc of 60mil+ but still carrying a 140mil debt.
until the debt is gone or any doubt of gfc2,production figures and ability to service the debt amongst many other variables then those holding from 5c and above will be waiting 5-10yrs to get their money back.
jk has given a timeline of 18mths till production. going by his previous timelines you can make that 30mths. then they still have to prove its workable.
one positive is that there will be trading opportunities coming up as pattersons will create the churn so they can make some money and dump their shares. be ready
BIG Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
