where the $%#@_ did u get $4.37bn valuation from? it barely cut its first "profit" this year, ~$8m by my guesstimate ($3m net MFG)....u valuing it at ++500 times P/E?
carrying value is $123m which dropped ~$10m (impairment in 2023 annual report):
or valuation, (spoken about at length before), if you use Barclays top up:
8.3% = $75m, so 36% = $325m
Fair value somewhere in between? If they can prove themselves....?difficult to cashflow project when they're still profit virgins...
as Pauline would say...
"PLEASE EXPLAIN"
$4bn! dreamin'
where the $%#@_ did u get $4.37bn valuation from? it barely cut...
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