under 3 cents!, page-5

At a market cap of ~$28M, we are only valued at ~$10M more than the last cash injection from Kronos.. We still have $5M in the bank (or did as of the end of April).
We also still have Wim 150 on the books and that is worth at least $5M (per the Astron deal), perhaps up to $10M at todays prices.

Either the technology is worth only nothing, or these shares are trading at a ridiculously cheap price. The market is valuing the technology at less than $15M ($28M market cap - $5M Cash - $5M WIM 150 - whatever Kronos funds are remaining - liquidation value of the plant (say $3M). That is just a little more (perhaps less) than one years earning from the plant, assuming $14M.

With Kronos on board, I think we are going to get a plant, and its likely going to work. If that's the case, Tell me its not a bargain price right now.

We just need to hang tough - good news typically follows a terrible share price...darkest before the dawn...just like how we bounced from 3.1 - 10.5c in the last run.

Only other things I can think of is either someone needs cash again, tax loss selling (you only get a bit of the loss back folks), or that someone is trying to flush the bottom feeders out - like JWT alluded to in his post a little while ago.

However, MT has to do something to calm the market. we need some sort of decent update on progress. The share price is appalling.

FG