It was only 15% in a day, it may still be shackled by 17c placement shares, we will see.
Positives from a business perspective is that they have a healthy balance sheet, further investment from their key cornerstones and expect further contract wins. If they can keep this momentum going, it will bode very well for 2020.
I am sure @Cam5 can make his own decisions. Part of getting in cheap and at the groundfloor is that you bear more risk. That's why management is critical, it hinges on their pedigree to execute, allowing myself to go in with a level of certainty that they can deliver. From Cam's video he might want to stay risk off and see a couple more 4C's which show the business to be cashflow positive before he jumps in. He may pay a greater premium but he derisks his investment further knowing it's a cash generative business.
Everyone has their own approach to the market, if you're a longer term investor a 15% uptick in a day is not cause for missing the boat IMO.
AV1 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
