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there was a fair bit of volume today.

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mahonya

376 Posts.

11

21/04/22

16:03

Post #: 60953785
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Originally posted by Vegantacos: ↑

Maybe, if people keep selling. A bit of mini-capItulation on not a lot of volume today.

No point in being emotional about it really. At some point we need revenue to support whatever our MC is. At typical sector multiples we need ~$8-12M revenue to justify a ~20c SP. The opportunity is clearly many multiples of that, but the current revenue streams are obviously not there yet. Your call whether to wait or sell. What other people do impacts the SP but not my investment thesis.

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there was a fair bit of volume today.

HMD Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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