EYE 0.00% 22.0¢ nova eye medical limited

Yes it feels like there's a lot of inertia to push higher...

  1. 439 Posts.
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    Yes it feels like there's a lot of inertia to push higher because it's run so much recently but as a longer term fundamentals investor I can't get past the market cap being only $50 million and the company on the brink of making millions in profit. The only thing I think could be holding big players back from jumping in would be some degree of uncertainty about the current cash position being too close to the line to avoid a cap raise. I imagine the Feb report should help clarify so there would be some holding out for that. Even still the worst result seems to be it hangs around the twenties until all that's resolved and takes off as profitability becomes a reality and 2RT gets more airtime...so just a great opportunity to accumulate IMO.
 
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