Drays i think that comparing share prices between now (~10c) to the headier days in 20/21 when we were at ~20c, is a little misleading as we should really compare the market caps (allowing for dilution from the last $30m cap raise). so back in Oct 21 (at a sp of 20c with 2.87bn) we had a market cap of $575 - although this was pre-central bank tightening - compared to today with 3.4bn shares on issue at ~10c we have a market cap of $340m. effectively a 40% decline. i think there is alot of upside in the current sp given everything that has been added to the pipeline in the last 24 months. only caveat being imo they will need raise again in the next couple of quarters, assuming they cant find a strategic partner to help shoulder some of the cost.
PYC Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
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