Investors get fed up but if anyone thinks this stock isn’t undervalued they are just downright crazy.
Market cap is now just ~$58M with the return to profitability confirmed and a very full future order book.
On the balance of probabilities, in the coming months there will be an announcement confirming a settlement/sale which will result in the cash balance being higher than the current market cap.
It doesn’t take a genius to work out what the risk-reward now looks like.
The FY21 results don’t matter. This is a deep value play now and all about FY22/23.
There’s only been one big seller for many months now. Sooner or later once they finish up this should return to a sensible valuation.
The fact that basically all the posts here are now negative is a huge buy signal.
