Rusty, are you gauging progress based on the short-term share...

Rusty, are you gauging progress based on the short-term share price or the long-term appreciation in NTA? As with Venture Capital generally, but even moreso deep tech (IP-moat) VC, patience is required. Kruger & co have a very solid portfolio in place (Quantum Brilliance, Urbix, Skykraft etc), now we need to wait 3-5 years to see this story play out. Fortunately, cash burn is low and thus the team can steadily climb into scale. But it is going to be a gradual process. I'd be happy with an NTA of 10c by the end of this year and an NTA of 12c by the end of next year. Couple that with the 45% discount to NAV in the current share price closing back to say a 15% discount, and that would be a very strong return for anyone who enters near current levels.