In fairness to management Anton, I think they are providing an adequate flow of information. The half yearly report now includes some intelligent commentary, plus there is a separate quarterly operations update. They are not drilling holes in the ground, so don't have the sort of business where more regular news will help (unless they signed a contract which of course would be announced, and another say 2 x 150 ATM contracts is what I want - or one larger one).
But yes, share price is very disappointing. Market cap of around $20M with (at 30 Sept) $9M of cash & debtors less liabilities means only $11M attributed to the operating business.
I periodically think of buying more now, but have come to the conclusion that there is little point until the market overall decides to start supporting the stock. At the end of the day, the current SP can readily be supported by the current cash and ATMs. My model for future share value target is based ATM numbers increasing to around 4000 over the coming 3 or so years ... which should be achievable.
So ... for me and all holders it is I guess a testing patience pending proof of concept so to speak.
MJS
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