Don't look at 10 -15 c share price…if it gets above 7 before July then its a pump.
Not downramping, but its all about MC.
7c is around 150m MC.
We then have a lot of oppies to convert in july. This will give a cash boost but also dilute the shares on offer.
If of course there are some significant revenue streams (as predicted by management) or sound revenue estimates, - coupled with major agreements with chip manufacturer, then of course the MC will be rerated.
This space can move very quickly, if it was nasdaq it could easily be 10 x, but it's not its an ASX stock. Whilst the majority of investors are Aus based, then do not expect fantastic MC appreciation. That is not to say that it will be swamped with US, European, Chinese and Singapore investors...
So Ports predicts 7c floor by Rerate Day - estimate about end of June.
After which we will have a situation that has never been encountered on the ASX - a startup that wins in a very very interesting space. And then we may get 10,100,1000 bags.
At current levels, anyone in - well done- anyone not in…..you will not have long before the ship sails without you.
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