IMHO the memory ink is still a very long time away from...

IMHO the memory ink is still a very long time away from commercialisation and generating meaningful revenue or share price growth for the business (if at all).

Technology based investments take years if not decades to get off the ground and although they have made considerable progress in recent years - they still need to tick a LOT of boxes here. Finalisation of technical performance on a range of substrates and applications, product demos - licensing - contractual negotiations with potential users, commercial assessments (what is this worth?), competing technologies etc etc.

Then once a product gets out there, market up take and revenue generation - how does it impact the balance sheet? Which is where a real valuation can be assessed.

Nanocube triggers could still be a commercialisation deal with a major player in the industry but as mentioned this means nothing unless $$ are involved. I can’t see them cutting deals with major players just yet.

Real near term drivers are the exploration projects - Behemoth - Lennis - Leviathan etc.

Other than that, my personal view is that it’s a sock drawer stock that has potential. Love to be proven wrong though and see nanocube deliver some underpinned SP growth this year a beyond a few short term spikes.