Hi All
I posted the following table about 2 years ago (17/11/19 to be precise) when trying to assess whether the share price could be undervalued.
I thought it interesting to "re-post" and add by way of summary other milestones/events and make the observation that the current share price is essentially the same as 2 years ago (ie. $0.056 on 17/11/19 and $0.05 on 12/11/19).
My summary of post 17/11/19 events is under the table
- 01/12/19 - 30/12/19 Cap Raise - $8.5 million (at $0.045)
- 18/03/20 - COVID restrictions hit (redundancies, halt to plans etc)
- 23/06/20 - Discontinuance JV with Brickworks
- 11/07/20 - Completion of 1st home wall build (for commercial return)
- 19/08/20 - $16 million Cap Raise
- 25/08/20 - Pilot Program Completed with GP Vivienda
- 08/09/20 - Completion of 2nd Wall Build (Community Centre in Byford)
- 15/01/21 - Commence Pilot program with Xella
- 28/05/21 - R&D Cash Rebate $6.9m
- 30/06/21 - Child Care Centre (3rd build for commercial return)
- 06/08/21 - Completion of 4th build for commercial return
- 03/10/21 - Completion of 5th build for commercial return
- 05/10/21 - Commercial Contract signed for 8 x 2 Storey Townhouses to be built at St James (WA)
- 03/11/21 - Term Sheet signed for up 5,000 homes in Mexico with GP Vivienda
- 05/11/21 - Discontinuance of MOU with KSA
- 08/11/21 - Commercial Contract signed 16 Homes in Willagee (WA)
- 10/11/21 - MOU Signed with UAE Ministry of Energy and Infrastructure
- 11/11/21 - Completion of outdoor pilot build for Weineberger
I will leave it to everyone to assess themselves.
Those that are positive will be pumped with the above.
Those that are negative will no doubt try to pick holes.
Personally, on reflecting on all the above I have a pretty big smile on my face especially given COVID continues to impact on the ability to undertake cross border transactions. Despite the challenges, the company has successfully demonstrated in can build for commercial return notwithstanding it is really still in prototype/testing/redevelopment phase.
I think I might me buying more shares next week. Still some time before I think it will take off, but the commercial risk are slowly being eliminated (there is no technical risk and financial risk is quite low).
Make your own assessment
cheers
NGNG
(20min delay)